Particulars 31st Mar' 19 Amt (Rs) 31st Mar' 20 Amt (Rs) Land and Building 3600000 3600000 Cash 400000 320,000 Sundry Debtors 640000 800,000 Temporary Investments 400000 640,000 Stock 3680000 4320000 Prepaid Expenses 560000 24000 Plant and Machinery 1920000 3096000 Total Assets 11200000 12800000 Current Liabilities 1280000 1600000 Loans 3200000 3200000 Capital 4000000 4000000 Retained Earnings 936000 1624000 Statement of Profit for the Current Year 1st Apr to 31st Mar' 20 : Amt (Rs) Sales 8000000 Less: Cost of Goods Sold -5600000 Less: Interest -320000 Net Profit 2080000 Less: Taxes @ 50% -1040000 Profit after Tax 1040000 Profit Distributed 440000 Calculate Gross Profit Ratio Return on Equity
Particulars 31st Mar' 19 Amt (Rs) 31st Mar' 20 Amt (Rs) Land and Building 3600000 3600000 Cash 400000 320,000 Sundry Debtors 640000 800,000 Temporary Investments 400000 640,000 Stock 3680000 4320000 Prepaid Expenses 560000 24000 Plant and Machinery 1920000 3096000 Total Assets 11200000 12800000 Current Liabilities 1280000 1600000 Loans 3200000 3200000 Capital 4000000 4000000 Retained Earnings 936000 1624000 Statement of Profit for the Current Year 1st Apr to 31st Mar' 20 : Amt (Rs) Sales 8000000 Less: Cost of Goods Sold -5600000 Less: Interest -320000 Net Profit 2080000 Less: Taxes @ 50% -1040000 Profit after Tax 1040000 Profit Distributed 440000 Calculate Gross Profit Ratio Return on Equity
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
| Particulars | 31st Mar' 19 Amt (Rs) | 31st Mar' 20 Amt (Rs) |
| Land and Building | 3600000 | 3600000 |
| Cash | 400000 | 320,000 |
| Sundry Debtors | 640000 | 800,000 |
| Temporary Investments | 400000 | 640,000 |
| Stock | 3680000 | 4320000 |
| Prepaid Expenses | 560000 | 24000 |
| Plant and Machinery | 1920000 | 3096000 |
| Total Assets | 11200000 | 12800000 |
| Current Liabilities | 1280000 | 1600000 |
| Loans | 3200000 | 3200000 |
| Capital | 4000000 | 4000000 |
| 936000 | 1624000 |
| Statement of Profit for the Current Year 1st Apr to 31st Mar' 20 : | Amt (Rs) |
| Sales | 8000000 |
| Less: Cost of Goods Sold | -5600000 |
| Less: Interest | -320000 |
| Net Profit | 2080000 |
| Less: Taxes @ 50% | -1040000 |
| Profit after Tax | 1040000 |
| Profit Distributed | 440000 |
Calculate
Gross Profit Ratio
Return on Equity
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