(a) Calculate and Closing stock from the following information:-Total sales Rs 600000Gross Profit 25% on SalesStock Turnover Ratio = 5 timesClosing stock is Rs. 12000 more than opening stock(b) Gross Profit Ratio of a company was 25%. Its cash sales were Rs. 200000 and its credit Sales was 90% of the total sales. If the indirect expenses of the Company were Rs. 20000. Calculate net Profit ratio.

Alpha Ltd has a gross profit margin of 40%. At the start and end of the year, stock was valued at £17,000 and £20,000. During the year Alpha Ltd made cash purchases of £15,000 and credit purchases of £50,000. What was the value of sales for the year? a)  £62,000 b)  £103,333 c)  £99,200 d)  £161,200

Wims, Inc., has sales of $19.9 million, total assets of $14.9 million and total debt of $5.7 million. The profit margin is 12 percent. a. What is the company's net income? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) b. What is the company's ROA? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) C. What is the company's ROE? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) Net income a. b. ROA C. ROE % %

Oliver Incorporated has a current ratio sales and its current liabilities are $2 million. What is the company's inventory turnover ratio? = 2.6, and a quick ratio equal to 2.2. The company has $4 million in