2.5
1.3
For the following information pertaining to a company
prepare its trading Pę L Ale for the year ended, 31, 2018
and a Summenized Balance sheet as at that date
aiment ratio
quick ratio
Proprietary palo (Fixed ancesty
Poopiebany ford) 0.6
Gooss profit vakio
10%
Debtors Veloaty
Sales
Re 14, 60,000
Rs 2,49000
working capteed
Gork Overcoal
Ps30,000
Net profit
10% of proprielany funds
opening
Stock.
Closting stock is 10% more than
40 days
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Answer:
You are provided with the following details:
Current ratio 2.5
Liquidity ratio 1.5
Net Working Capital Rs. 300,000
Stock Turnover Ratio 6 times
Ratio of Gross Profit on Sales 20%
Turnover to Fixed assets (net) 2 times
Average debt collection period 2 months
Fixed Assets to net worth 0.8
Reserve and Surplus to Capital 0.5
Draw up the Balance Sheet as at 31st March 2018 of Zoom Ltd with appropriate figures:
Paper -1 : PRINCIPLES AND PRACTICE OF ACCOUNTING
Zoom Ltd
Balance Sheet as at 31st March, 2018
Liabilities Rs. Assets Rs.
Share Capital ? Fixed Assets ?
Reserves and Surplus ? Stock ?
Long Term Borrowings 1,50,000 Debtors ?
Current Liabilities ? Bank 50,000
Total 11,00,000 11,00
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