how to account for manufacturing profit and the elimination of unrealised profit from unsold inventory
how to calculate key accounting ratios to measure profitability, liquidity and efficiency: profitability ratios: gross profit margin, mark-up, profit margin, return on capital employed, expenses to revenue ratio (operating expenses to revenue ratio), liquidity ratios: current ratio, acid test ratio, efficiency ratios: non-current asset turnover, trade receivables turnover (days), trade payables turnover (days), inventory turnover (days), rate of inventory turnover (times)
how to prepare partners’ capital and current accounts