Following is the Statement of Profit and Loss of Royal Products Ltd for the year ended 31" March, 2021. Calculate (i) Gross Profit Ratio (ii) Operating Ratio (iii) Operating profit ratio (iv) If tax is 50% calculate Net Profit ratio
PARTICULARS
I. Revenue from operations II. Other Income
III. Total Income (I+II)
IV. Expenses
Cost of Material Consumed
Change in inventories of Finished goods and work in progress
Employee benefit Expenses
Finance Cost
Depreciation and Amortization Expenses
Other Expenses
Total Expenses
V. Profit before tax (III-IV)
NOTES TO ACCOUNTS
1. Employee Benefit Expenses
Wages
Salaries
2. Finance Cost Interest on Bank Overdraft
Interest on Debentures.
3. Other Expenses Administrative Expenses
Selling Expenses
Loss on sale of Fixed Assets:
NOTE NO AMOUNT()
40,000
20.40,000
10,70,000
50,000
80,000 30,000
30.000 1.40 000
14,00,000 6,40,000
50,000
30,000 80,000
5,000
25,000 30,000
50.000
40.000 50,000
1,40,000
Answers
Answered by
0
Answer:
1.) gross profit ratio is the answer
Similar questions