# Accounting Paper 1, November 2024, question 3.6.2

> The shareholders are pleased with the work of the CEO. Marked mark by mark. Q3.6.2, Accounting Paper 1 November 2024, 4 marks.

Canonical: https://sharpkop.co.za/accounting/2024-nov-p1/q3-6-2/
Last updated: 2026-11-12

Subject: Accounting. Source: Based on Nov 2024 · Paper 1 · Q3.6.2. Marks: 4. Not yet checked by a teacher.

## Question 3.6.2 (4 marks)

Financial indicators of Thabong Stores Ltd:
Solvency ratio: 2024: 2,1 : 1; 2025: 2,9 : 1
Current ratio: 2024: 1,4 : 1; 2025: 2,2 : 1
Acid-test ratio: 2024: 0,9 : 1; 2025: 1,6 : 1
Mark-up percentage achieved: 2024: 60%; 2025: 60%

The shareholders are pleased with the work of the CEO. Apart from the points already made about profit and dividends, identify and explain TWO other points from the indicators that show the company is well managed by the CEO. Quote figures.

## Practise it

[Answer this question](https://sharpkop.co.za/accounting/2024-nov-p1/q3-6-2/) and see it marked mark by mark, with the reason for every lost mark.

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