CAPS ACC 10 TERM 3 WEEK 7 – 9 Financial Accounting of a Sole Trader
TOPIC – Financial Accounting of a sole trader – analysis and interpretation of financial statements
Analysis and interpretation of financial statements and notes:
• gross profit on sales
• gross profit on cost of sales
• net profit on sales
• operating expenses on sales
• operating profit on sales
• current ratio
• acid test ratio
• solvency ratio
• return on equity