FROM THE FOLLOWING, CALCULATE PROFITABILITY RATIOS. TRADING AND PROFIT AND LOSS ACCOUNT OF MMR & CO. FOR THE YEAR ENDING 31.12. 2019(HORIZONTAL FORMAT) PARTICULARS $ PARTICULARS $ Opening stock 199,000 Sales 1,700,000 Purchases 1,119,000 Closing stock 298,000 Gross profit 680,000 1,998,000 1,998,000 Administration expenses 300,000 Gross profit 680, 000 Selling expenses 60,000 Interest 18,000 Finance expenses 30,000 Loss on sale of plant 8,000 Net profit 300,000 698,000 698,000
FROM THE FOLLOWING, CALCULATE PROFITABILITY RATIOS. TRADING AND PROFIT AND LOSS ACCOUNT OF MMR & CO. FOR THE YEAR ENDING 31.12. 2019(HORIZONTAL FORMAT) PARTICULARS $ PARTICULARS $ Opening stock 199,000 Sales 1,700,000 Purchases 1,119,000 Closing stock 298,000 Gross profit 680,000 1,998,000 1,998,000 Administration expenses 300,000 Gross profit 680, 000 Selling expenses 60,000 Interest 18,000 Finance expenses 30,000 Loss on sale of plant 8,000 Net profit 300,000 698,000 698,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 55CE
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Question
FROM THE FOLLOWING, CALCULATE PROFITABILITY RATIOS.
TRADING AND
FOR THE YEAR ENDING 31.12. 2019(HORIZONTAL FORMAT)
PARTICULARS $ PARTICULARS $
Opening stock 199,000 Sales 1,700,000
Purchases 1,119,000 Closing stock 298,000
Gross profit 680,000
1,998,000 1,998,000
Administration
expenses
300,000 Gross profit 680, 000
Selling expenses 60,000 Interest 18,000
Finance
expenses
30,000
Loss on sale of
plant
8,000
Net profit 300,000
698,000 698,000
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