Question

2. Following information are supplied by the Goodluck Ltd. for the year ended 30.6.2020.
Rs.
Net Current Assets
90000
Cument ratio
1.6:1
Quick ratio of debtors and bank balance to Current liabilities
1.25:1
General Reserve
70000
Share Capital (15sued)
200000
Average rate of Stock turnover
9 times
Average age of debtors
Fixed Asset to Proprietor's Fund
Rate of Gross Profit to Sales
2006
Net Profit to Issued Share Capital
120
You are required to prepare Trading Profit and Loss Account and Balance Sheet as on 30.06.2020.
73 days​

Answer 1

Answer:

liabilities

1.25:1

General Reserve

70000

Share Capital (15sued)

200000

Average rate of Stock turnover

9 times

Average age of debtors

Fixed Asset to Proprietor's Fund

Rate of Gross Profit to Sales

2006

Net Profit to Issued Share Capital

120

You are required to prepare Trading