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The gross profit for this business is:
a) 2 000
b) 3 500
c) (500)
d) 1 500
The Net Profit for this business is:
a) 8 000
b) 1 200
c) 4 000
d) 3 200
Cash flow reporting is best used as a measure of:
a) Liquidity
b) Profitability
c) Efficiency
d) Solvency
Working capital is:
a) current liabilities minus current assets
b) current assets minus current liabilities
c) average debt owed divided by total invoices
d) retained profits plus debtors
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