Chapter 12, Problem 12.5AP

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The following VAT balances were extracted from the subsidiary journals of Africa Traders as at 28 February 2024.   R Cash receipts journal   VAT input 556,50 VAT output 14 676,48 Cash payments journal   VAT input 9 375,12 VAT output 642,78 Purchases journal   VAT 6 260,40 Sales journal   VAT 8 037,12 Purchases returns journal   VAT 871,75 Sales returns journal   VAT 902,32   On 1 February 2024, the VAT input account had a debit opening balance of R14 768 and the VAT output account had a credit opening balance of R14 154. Calculate the closing balance of the VAT output account as at 28 February 2024

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Vista Motors has a total asset turnover of 2.9, a net profit margin of 6.25 percent, and an equity multiplier of 3.6. Calculate Vista's return on equity (ROE) using the DuPont equation. (Financial accounting)

What is the gross margin? Financial accounting