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From the following data relating to M/s Paul Ltd, calculate the following: (a) Gross Profit Ratio (b) (Operating Ratio Revenue from operations $4,95,000, Cost of Revenue from operations $3,30,000, Current Liabilities $33,000, Share Capital $82,500, Long term Loan taken from State Bank of Ohio, $41,250, Current Assets $99,000, Selling Expenses $28,050, Office Expenses $21,450, Surplus, i.e., Balance in Statement of Profit & Loss $49,500.

From the following data relating to M/s Paul Ltd, calculate the following: (a) Gross Profit Ratio (b) (Operating Ratio Revenue from operations $4,95,000, Cost of Revenue from operations $3,30,000, Current Liabilities $33,000, Share Capital $82,500, Long term Loan taken from State Bank of Ohio, $41,250, Current Assets $99,000, Selling Expenses $28,050, Office Expenses $21,450, Surplus, i.e., Balance in Statement of Profit & Loss $49,500.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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From the following data relating to M/s Paul Ltd, calculate the following: (a) Gross Profit Ratio (b) (Operating Ratio Revenue from operations $4,95,000, Cost of Revenue from operations $3,30,000, Current Liabilities $33,000, Share Capital $82,500, Long term Loan taken from State Bank of Ohio, $41,250, Current Assets $99,000, Selling Expenses $28,050, Office Expenses $21,450, Surplus, i.e., Balance in Statement of Profit & Loss $49,500.
Transcribed Image Text:From the following data relating to M/s Paul Ltd, calculate the following: (a) Gross Profit Ratio (b) (Operating Ratio Revenue from operations $4,95,000, Cost of Revenue from operations $3,30,000, Current Liabilities $33,000, Share Capital $82,500, Long term Loan taken from State Bank of Ohio, $41,250, Current Assets $99,000, Selling Expenses $28,050, Office Expenses $21,450, Surplus, i.e., Balance in Statement of Profit & Loss $49,500.
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