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Calculate the ratios for end of year working capital

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Reference no: EM131710020

Question - The following figures relate to a trading year for trader Amelia.

                                                                          £

Annual sales                                                        65,000

Annual purchases                                                 42,400

Sales returns                                                       2,950

Purchases returns                                                2,250

Money owed by debtors at year end                      2,890

Money owed to creditors at year end                     2,310

Stock at start of year                                           2,990

Stock at end of year                                            2,100

Postage and telephone                                         1,700

Heating and lighting                                             5,310

Rent                                                                   11,605

Bank at year end                                                 1,070

Cash at year end                                                 177

(a) Calculate the ratios for:

(i) overhead expenses to turnover

(ii) end of year working capital.

Reference no: EM131710020

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