Answer to Question #42261 in Economics for rsabarisan

Question

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