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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
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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 |
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