Liquid Ratio 1.5; Current Ratio 2.5; Stock Turnover Ratio (COGS/Closing Stock) 6 times and Net Working Capital Rs 3,00,000. Find out COGS
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Explanation:
Liquidity ratio 1.5
Net working capital ` 3,00,000
Fixed assets turnover ratio (on cost of sales) 2 times
Average debt collection period 2 months
Stock turnover ratio (cost of sales/closing stock) 6 times
Gross profit ratio 20%
Fixed assets/shareholders net worth 0.80
Reserve and surplus/capital 0.50
Draw up the balance sheet of the company XYZ Ltd.
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Answer:
Liquidity ratio 1.5
Net working capital ` 3,00,000
Fixed assets turnover ratio (on cost of sales) 2 times
Average debt collection period 2 months
Stock turnover ratio (cost of sales/closing stock) 6 times
Gross profit ratio 20%
Fixed assets/shareholders net worth 0.80
Reserve and surplus/capital 0.50
Draw up the balance sheet of the company XYZ Ltd.
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