required opinion regarding the below mentioned quiestion

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Subhadip Chattopadhyay (Querist)
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13 April 2010 From the following information, prepare the projected trading and profit and loss
account for the next financial year ending 31st March, 2009 and the projected balance
sheet as on that date :
Gross profit ratio 25%
Net profit to equity capital 10%
Stock turnover ratio 5 times
Average debt collection period 2 months
Creditors velocity 3 months
Current ratio 2
Proprietary ratio (Fixed assets to capital employed) 80%
Capital gearing ratio (Preference shares and debentures
to total long-term funds) 30%
General reserve and profit and loss to equity
shareholders’ fund 20%
Preference share capital to debentures 2
Cost of sales consists of 40% for materials and balance for wages and overheads. Gross
profit is Rs.6,00,00

Send the answer to my mail Id : sk250208@gmail.com

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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20 April 2010 total answer not possible to post give the mail id

Subhadip Chattopadhyay

Subhadip Chattopadhyay (Querist)
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21 April 2010 From the following information, prepare the projected trading and profit and loss
account for the next financial year ending 31st March, 2009 and the projected balance
sheet as on that date :
Gross profit ratio 25%
Net profit to equity capital 10%
Stock turnover ratio 5 times
Average debt collection period 2 months
Creditors velocity 3 months
Current ratio 2
Proprietary ratio (Fixed assets to capital employed) 80%
Capital gearing ratio (Preference shares and debentures
to total long-term funds) 30%
General reserve and profit and loss to equity
shareholders’ fund 20%
Preference share capital to debentures 2
Cost of sales consists of 40% for materials and balance for wages and overheads. Gross
profit is Rs.6,00,00

Send the answer to my mail Id : sk250208@gmail.com

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