Interested to Buy Any Domain ? << Click Here >> for more details...
The following figures relate to the trading activities of
M/s ABC Traders Ltd for the year ending 31 March 2004.
Particulars Amount (Rs)
Sales 5,20,000
Opening stock 76,250
Purchases 3,22,250
Closing stock 98,500
Sales return 20,000
Selling and Distribution Expenses
Salaries 15,300
Advertising 4,700
Travelling 2,000
Administrative Expenses
Salaries 27,000
Rent 2,700
Stationery 2,500
Depreciation 9,300
Other charges 16,500
Provision for tax 4,000
Non Operating Income
Dividend on shares 9,000
Profit on sales of shares 3,000
Non Operating Expenses
Loss on sale of fixed asset 4,000
You are required to:
(i) Arrange the above figures in a form suitable for analysis.
(ii) Show separately the following ratios.
Net profit ratio
Operating ratio
Stock turnover ratio
- 1 Answers
- 6322 Views
- Candico, I also Faced
- E-Mail Answers
Answer / nasir siddiqui
net profit ratio= net profit*100/netsales
=124000*100/500000=24.8%
operating ratio=cost of good sold+operating exp/netsales
=300000+4000*100/500000=60.8%
stock turnover ratio=cost of good sold/average stock
=200000/87375=2.28 times
| Is This Answer Correct ? | 3 Yes | 17 No |
what is mean by accounts
Every year very huge amount of depreciation debited at any of company's account, which is actually non cash expense, now where actually amount goes at the year end?
if A company pay salary to X 10000 after deduttion of 2000 advance and12% PF . what is the entry of it.
What Is ROC? Explian briefly?
does goodwill depreciates ?
What are the following types of accounts falls under in Accountancy? Can you please classify the following whether they are nominal ,real or personal account ? 1)sales tax account 2)Debtors account/Creditors account 3)Bank Overdraft account 4)Bills Payable Account/Bills receivable Account 5)Stationery Account 6)Purchase account 7)Loan Account
What is a Prepayment and Explain the accounting entries
how to prepare final accounts of proprietor
what is the meaning of Bills Receivable?
Tell me the stages of double entry system?
When you prepare Profit and loss A/C either you will get profit or loss but not both.Then why we are saying it as profit AND loss A/C,why cannot we say it is as Profit OR loss account?
What happens to the company's "cash account" if it borrows money from the bank by signing a note payable?
Audit 
