Answer to Question #39814 in Economics of Enterprise for raju samal

Question #39814
4. From the following information pertaining to M/s ABC & Co. Ltd., prepare its trading, profit & Loss A/c for the year ending 31st March 2012 and summarized Balance Sheet as on that date. Current ratio - 2.5 Quick Ratio - 1.3 Proprietary ratio - 0.06 Gross Profit to sales - 10% Debtors Velocity - 40 days Sales - 2,73,000 Working capital - 1,20,000 Bank overdraft - 2,15,000 Share Capital - 2,50,000 Closing Stock is 10% more than opening stock Net profit 10% of proprietary fund.
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