Ratio
This query is : Resolved
12 March 2010
From the following information , Prepare the Final Accounts of Rameshwar Ltd For the year 2006-07
Gross Profit Rs. 6,00,000
Gross Profit Ratio 25 %
Current Ratio 2.5 : 1
Liquid Ratio 1.5 : 1
Stock turnover (Cost of goods Sold / Average Stock) 8 Time
Operating Ratio 95 %
Fixed Assets and Capital Employed 0.8
Debtors Ratio 2 Months
Creditors Ratio 1 Months
Additional Information :
1.12 % Debentures is the only Long – term debt.
2.Operating expenses include debenture interest of Rs. 12,000
3.Cash Sales is 20 % of total Sales
4.Cash Purchase is 20 % of total Purchase
5.Opening Stock is Rs. 30,000 less than the closing Stock
6.Current Assets include STOCK, DEBTORS and BANK. There is no BANK OVERDRAFT in Current Liabilities. Consider, Provision for taxation as a part of current Liabilities.
7.Proportion of Land and Building , Machineries and Furniture is 3 : 2 : 1
8.Opening Balance of general reserve is Rs. 40,000. Provide 50 % of the net profit for tax.
My email id
nilay.v.chaddarwala@gmail.com
Gross Profit Rs. 6,00,000
Gross Profit Ratio 25 %
Current Ratio 2.5 : 1
Liquid Ratio 1.5 : 1
Stock turnover (Cost of goods Sold / Average Stock) 8 Time
Operating Ratio 95 %
Fixed Assets and Capital Employed 0.8
Debtors Ratio 2 Months
Creditors Ratio 1 Months
Additional Information :
1.12 % Debentures is the only Long – term debt.
2.Operating expenses include debenture interest of Rs. 12,000
3.Cash Sales is 20 % of total Sales
4.Cash Purchase is 20 % of total Purchase
5.Opening Stock is Rs. 30,000 less than the closing Stock
6.Current Assets include STOCK, DEBTORS and BANK. There is no BANK OVERDRAFT in Current Liabilities. Consider, Provision for taxation as a part of current Liabilities.
7.Proportion of Land and Building , Machineries and Furniture is 3 : 2 : 1
8.Opening Balance of general reserve is Rs. 40,000. Provide 50 % of the net profit for tax.
My email id
nilay.v.chaddarwala@gmail.com
12 March 2010
total solutions cannot be post here.give the mail id
13 March 2010
My Email Id
nilay.v.chaddarwala@gmail.com
nilay.vasant.chaddarwala@icai.org
Thanks
nilay.v.chaddarwala@gmail.com
nilay.vasant.chaddarwala@icai.org
Thanks
16 March 2010
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