Business, 25.10.2021 19:50 rosehayden21

and Statutory Audit (2 marks) 13. The following Trading and Profit and Loss Account of Fantasy Ltd. for the year 31 March 2000 is given below: 26 Particular To Opening Stock Purchases Carriage and Freight Wages Gross Profit b/d Rs. 5,00,000 98,500 re 2 Rs. Particular 76,250 By Sales 3,15,250 Closing stock 2,000 5,000 2,00,000 5,98,500 SE 5,98,500 2,00,000 se To Administration expenses Selling and Dist. expenses Non-operating expenses * Financial Expenses Net Profit c/d 1,01,000 By Gross Profit bſd 12,000 Non-operating incomes: 2,000 Interest on Securities 7,000 * Dividend on shares 84,000 "Profit on sale of shares 2,06,000 1,500 3,750 750 2,06,000 Required: Calculate (i) Gross profit ratio (ii) Expenses ratio (iii) Operating ratio (iv) Net profit ratio (v) Stock turnover ratio (5 marks)

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 12:50

In june 2009, at the trough of the great recession, the bureau of labor statistics announced that of all adult americans, 140,196,000 were employed, 14,729,000 were unemployed and 80,729,000 were not in the labor force. use this information to calculate: a. the adult population b. the labor force c. the labor-force participation rate d. the unemployment rate

Answers: 3

Answer

Business, 22.06.2019 15:20

On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.

Answers: 2

Answer

Business, 22.06.2019 20:20

Faldo corp sells on terms that allow customers 45 days to pay for merchandise. its sales last year were $325,000, and its year-end receivables were $60,000. if its dso is less than the 45-day credit period, then customers are paying on time. otherwise, they are paying late. by how much are customers paying early or late? base your answer on this equation: dso - credit period = days early or late, and use a 365-day year when calculating the dso. a positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91b

Answers: 2

Answer

Business, 22.06.2019 23:30

What are consequences of rapid inflation? (select all that apply.) savings accounts become less desirable because interest earned is lower than inflation individual purchasing power increases, which results in an increase in demand. individual purchasing power decreases, which results in a decrease in demand. people postpone purchasing expensive items, such as homes, until prices drop.

Answers: 1

Answer

You know the right answer?

and Statutory Audit (2 marks) 13. The following Trading and Profit and Loss Account of Fantasy Ltd....

Questions