B. The following information is available from the books of x Itd:
mark)
equity share captial- 1,00,000
8% preference share captial - 40,000
reserves and surplus - rs 60,000
non current investment- rs 30,000
current asset - rs 70,000
proprietary ratio - 0.8:1
assuming there is no fictitious asset calculate the value of fixed asset of the company
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Case 1
Credit Sales = 3,00,000
Cash sales = 25% of Credit Sales
Total Sales = Cash Sales + Credit Sales
= 3,00,000 + 75,000 = 3,75,000
Gross Profit = 20% on Sales
Cost of Goods Sold = Total Sales − Gross Profit
= 3,75,000 − 75,000 = 3,00,000
Case 1
Credit Sales = 3,00,000
Cash sales = 25% of Credit Sales
Total Sales = Cash Sales + Credit Sales
= 3,00,000 + 75,000 = 3,75,000
Gross Profit = 20% on Sales
Cost of Goods Sold = Total Sales − Gross Profit
= 3,75,000 − 75,000 = 3,00,000
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