Answer to Question #42261 in Other Economics for rsabarisan
From the following information pertaining to M/S ABC &co ltd., prepare a treading profit and loss a/C for the year ending 31st March 2012 and summerized Balance Sheet as on that date. Current Ratio - 2.5 Quick Ratio - 1.3 proprietary ratio - 0.06 Gross profit Sales- 10% Debtors Velocity - 40 days sales - 273000 Working Capital - 120000 Bank overdraft - 215000 Share Capital - 250000 Closing stock is 10%more then opening stock. Net profit 10% of proprietary fund
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