Question

24. From the following information calculate shareholders fund:
Particulars
Current Ratio
Liquid Ratio
Proprietory Ratio
Working Capital
Reserves and Surplus
Loan funds
2.5
1.5
0.75
60000
40,000
*10,000​

Answer 1

Answer:

Sales = 2,00,000

Gross Profit = 25% on Sales

Cost of Goods Sold = Total Sales − Gross Profit

= 2,00,000 − 50,000 = 1,50,000

Let Opening Inventory = x

Closing Inventory = x + 4,000

Opening Inventory = x = Rs 28,000

Closing Inventory = x + 4,000 = 28,000 + 4,000 = Rs 32,000