Particulars Amount Rs. Turnover 4,000,000 Purchases 2,750,000 Stock as at 1st April -2019 500,000 Other income 40,000 Administration Expenses 200,000 Selling and Distribution cost 160,000 Finance Cost 90,000 Other expenses 60,000 Share capital 1,500,000 Income tax 148,000 Reserves 618,000 Long term Bank Loan 800,000 Other long term loans 200,000 Creditors 300,000 Other short-term payables 1,200,000 Property, Plant and Equipments 1,750,000 Investment 250,000 Fixed Deposit 950,000 Debtors 1,000,000 Other receivables 600,000 Cash and bank balance 200,000 Additional Information Closing Stock as at 1st April 2020 - Rs. 250,000 Debt includes only long term liability (for the purpose of ratio Calculation) and Equity includes Share capital, Retained profit and Reserves. You are required to prepare, Income Statement for the year ended 31st March 2020. Statement of Financial Position as at 31st March 2020. You are also required to calculate, Gross Profit Ratio Net Profit Ratio Current Ratio Quick Ratio Return On Asset ( ROA) Debt – Equity Ratio
Particulars Amount Rs. Turnover 4,000,000 Purchases 2,750,000 Stock as at 1st April -2019 500,000 Other income 40,000 Administration Expenses 200,000 Selling and Distribution cost 160,000 Finance Cost 90,000 Other expenses 60,000 Share capital 1,500,000 Income tax 148,000 Reserves 618,000 Long term Bank Loan 800,000 Other long term loans 200,000 Creditors 300,000 Other short-term payables 1,200,000 Property, Plant and Equipments 1,750,000 Investment 250,000 Fixed Deposit 950,000 Debtors 1,000,000 Other receivables 600,000 Cash and bank balance 200,000 Additional Information Closing Stock as at 1st April 2020 - Rs. 250,000 Debt includes only long term liability (for the purpose of ratio Calculation) and Equity includes Share capital, Retained profit and Reserves. You are required to prepare, Income Statement for the year ended 31st March 2020. Statement of Financial Position as at 31st March 2020. You are also required to calculate, Gross Profit Ratio Net Profit Ratio Current Ratio Quick Ratio Return On Asset ( ROA) Debt – Equity Ratio
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 32BE
Related questions
Question
100%
Particulars |
Amount |
|
Rs. |
||
|
||
Turnover |
4,000,000 |
|
Purchases |
2,750,000 |
|
Stock as at 1st April -2019 |
500,000 |
|
Other income |
40,000 |
|
Administration Expenses |
200,000 |
|
Selling and Distribution cost |
160,000 |
|
Finance Cost |
90,000 |
|
Other expenses |
60,000 |
|
Share capital |
1,500,000 |
|
Income tax |
148,000 |
|
Reserves |
618,000 |
|
Long term Bank Loan |
800,000 |
|
Other long term loans |
200,000 |
|
Creditors |
300,000 |
|
Other short-term payables |
1,200,000 |
|
Property, Plant and Equipments |
1,750,000 |
|
Investment |
250,000 |
|
Fixed Deposit |
950,000 |
|
Debtors |
1,000,000 |
|
Other receivables |
600,000 |
|
Cash and bank balance |
200,000 |
|
|
|
Additional Information
- Closing Stock as at 1st April 2020 - Rs. 250,000
- Debt includes only long term liability (for the purpose of ratio Calculation) and Equity includes Share capital, Retained profit and Reserves.
You are required to prepare,
- Income Statement for the year ended 31st March 2020.
Statement of Financial Position as at 31st March 2020.
You are also required to calculate,
- Gross Profit Ratio
- Net Profit Ratio
Current Ratio - Quick Ratio
- Return On Asset ( ROA)
- Debt – Equity Ratio
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