Commerce Practice Tests – Business Capital and Profits (Questions with Answers and Explanations)

The Financial Index which compares current assets directly with current liabilities is known as current _____  

A. turnover     B. capital     C. ratio     D. balance

Profit that is expressed as a percentage of the cost of goods sold is referred to as ______ 

A. margin    B. mark-up    C. gain percent    D. gross profit

A public company has 2000000 ordinary shares of 50k each and offers 50% for subscription at N2 per share. If the shares were fully subscribed, calculate the issued capital.