Fixed Assets Property Plant & Equipment Current Assets Inventory Account Receivables Prepayments Short Term Securities Bank...

  

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Fixed Assets Property Plant & Equipment Current Assets Inventory Account Receivables Prepayments Short Term Securities Bank Cash Assets Required: ASLAM & Co. Traders Statement of Finandal Position As on December 31, 2023 a. Calculate following ratios Current Ratio 1. 2. Acid Ratio 3. Debt Equity Ratio 4. Gross Profit % 5. Net profit % 6. Debtor turnover 7. Inventory turnover 8. Creditor turnover Rs 620.000 60,000 254,000 30,000 65,100 Additional information related to year: 1. Sales Rs. 520,000 2. Purchases Rs. 630,000 3. Closing stock Rs. 60,000 4. Opening stock Nil 120.000 25,000 554,100 1,174,300 Equity & Liabilities Fixed Liabilities Bank Loan 19% Current Liabilities Account Payable Other Payables Equity: Authoritzed Shares (20000@ Rs. 100) surd, Subscribed & pakdup Capitel (5000 shares @ Rs. 100 each) Accukuminted Lon 25 250,000 452,300 10,000 $62,300 2,000,000 500,000 (238.0000 1,174,100 Fixed Assets Property Plant & Equipment Current Assets Inventory Account Receivables Prepayments Short Term Securities Bank Cash Assets Required: ASLAM & Co. Traders Statement of Finandal Position As on December 31, 2023 a. Calculate following ratios Current Ratio 1. 2. Acid Ratio 3. Debt Equity Ratio 4. Gross Profit % 5. Net profit % 6. Debtor turnover 7. Inventory turnover 8. Creditor turnover Rs 620.000 60,000 254,000 30,000 65,100 Additional information related to year: 1. Sales Rs. 520,000 2. Purchases Rs. 630,000 3. Closing stock Rs. 60,000 4. Opening stock Nil 120.000 25,000 554,100 1,174,300 Equity & Liabilities Fixed Liabilities Bank Loan 19% Current Liabilities Account Payable Other Payables Equity: Authoritzed Shares (20000@ Rs. 100) surd, Subscribed & pakdup Capitel (5000 shares @ Rs. 100 each) Accukuminted Lon 25 250,000 452,300 10,000 $62,300 2,000,000 500,000 (238.0000 1,174,100

Answer rating: 100% (QA)

Ratios Calculation Current Ratio Current Assets Current Liabilit... View the full answer