Ex-C11: From the following financial statements of Protiti Co. Ltd for the year end 30 June, 2015. Protiti Co. Ltd. Income Statement for the year ended on 30 June, 2015 Sales Tk. 36,00,000 Less : Cost of goods sold: Opening Inventory Add: Purchases (credit) Tk. 2,00,000 20.00.000 22,00,000 Less : Closing Inventory Cost of goods sold 4.00,000 18,00,000 Gross Profit 18,00,000 Less : Selling and Administration Expenses: Office and Administration Expenses Selling and Disribution Expenses Other Financial Expenses Total Operating Expenses Income from Operation Add : Profit on Sale of Assets 6,00,000 3,00,000 1,00,000 10.00.000 8,00,000 60,000 8,60,000 Net Income Protiti Co. Ltd. Balance Shee as at 30 June, 2015 Liabilities Tk. Assets Tk. 1,10,000 Equity shares of Tk.10 each 11,00,000 Land and Building 2,50,000 Plant & Machinery 3,50,000 Stock 5,60,000 Sundry Debtors 9,00,000 General Reserve 5,00,000 Profit & Loss Account 4,00,000 3,80,000 Sundry Creditors Bills Payable 40,000 Bills Receivable 20,000 Bank overdraft 2,00,000 Cash & Bank 2,00,000 Miscellaneous Expenses 1.00.000 25,00,000 25,00,000 You required to calculate the following ratios: Current Ratio; (а) (b) Liquid or Quick Ratio; (c) Operating Ratio; Inventory Turnover Ratio%; (d) Working Capital Turnover Ratio. (e)
Ex-C11: From the following financial statements of Protiti Co. Ltd for the year end 30 June, 2015. Protiti Co. Ltd. Income Statement for the year ended on 30 June, 2015 Sales Tk. 36,00,000 Less : Cost of goods sold: Opening Inventory Add: Purchases (credit) Tk. 2,00,000 20.00.000 22,00,000 Less : Closing Inventory Cost of goods sold 4.00,000 18,00,000 Gross Profit 18,00,000 Less : Selling and Administration Expenses: Office and Administration Expenses Selling and Disribution Expenses Other Financial Expenses Total Operating Expenses Income from Operation Add : Profit on Sale of Assets 6,00,000 3,00,000 1,00,000 10.00.000 8,00,000 60,000 8,60,000 Net Income Protiti Co. Ltd. Balance Shee as at 30 June, 2015 Liabilities Tk. Assets Tk. 1,10,000 Equity shares of Tk.10 each 11,00,000 Land and Building 2,50,000 Plant & Machinery 3,50,000 Stock 5,60,000 Sundry Debtors 9,00,000 General Reserve 5,00,000 Profit & Loss Account 4,00,000 3,80,000 Sundry Creditors Bills Payable 40,000 Bills Receivable 20,000 Bank overdraft 2,00,000 Cash & Bank 2,00,000 Miscellaneous Expenses 1.00.000 25,00,000 25,00,000 You required to calculate the following ratios: Current Ratio; (а) (b) Liquid or Quick Ratio; (c) Operating Ratio; Inventory Turnover Ratio%; (d) Working Capital Turnover Ratio. (e)
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Chapter9: Working Capital
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Transcribed Image Text:Ex-C11: From the following financial statements of Protiti Co. Ltd for the year end 30 June, 2015.
Protiti Co. Ltd.
Income Statement
for the year ended on 30 June, 2015
Sales
Tk. 36,00,000
Less : Cost of goods sold:
Opening Inventory
Add: Purchases (credit)
Tk. 2,00,000
20.00.000
22,00,000
Less : Closing Inventory
Cost of goods sold
4.00,000
18,00,000
Gross Profit
18,00,000
Less : Selling and Administration Expenses:
Office and Administration Expenses
Selling and Disribution Expenses
Other Financial Expenses
Total Operating Expenses
Income from Operation
Add : Profit on Sale of Assets
6,00,000
3,00,000
1,00,000
10.00.000
8,00,000
60,000
8,60,000
Net Income
Protiti Co. Ltd.
Balance Shee
as at 30 June, 2015
Liabilities
Tk.
Assets
Tk.
1,10,000 Equity shares of Tk.10 each
11,00,000 Land and Building
2,50,000 Plant & Machinery
3,50,000 Stock
5,60,000 Sundry Debtors
9,00,000
General Reserve
5,00,000
Profit & Loss Account
4,00,000
3,80,000
Sundry Creditors
Bills Payable
40,000 Bills Receivable
20,000
Bank overdraft
2,00,000 Cash & Bank
2,00,000
Miscellaneous Expenses
1.00.000
25,00,000
25,00,000
You required to calculate the following ratios:
Current Ratio;
(а)
(b) Liquid or Quick Ratio;
(c) Operating Ratio;
Inventory Turnover Ratio%;
(d)
Working Capital Turnover Ratio.
(e)
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