Question: Old MathJax webview accounting question PROBLEM 1(30 Marks) 2007 Rs. Cash 2,00,000 Sundry Debtors 3,20,000 Temporary Investments 2,00,000 Stock 18,40,000 Prepaid Expenses 28,000 Total Current
Old MathJax webview

accounting question
PROBLEM 1(30 Marks) 2007 Rs. Cash 2,00,000 Sundry Debtors 3,20,000 Temporary Investments 2,00,000 Stock 18,40,000 Prepaid Expenses 28,000 Total Current Assets 25,88,000 Total assets 56,00,000 Current Liabilities 6,40,000 Loans 16,00,000 Capital 20,00,000 Retained Earnings 4,68,000 Statement of Profit for the Current Year 2008 Rs. 1,60,000 4,00,000 3,20,000 21,60,000 12,000 30,52,000 64,00,000 8,00,000 16,00,000 20,00,000 8,12,000 Sales Less cost of goods sold Less interest Net profit Less taxes @ 50% Profit after taxes Profit distributed Rs. 40,00,000 (28,00,000) (1,60,000) 10,40,000 5,20,000 5,20,000 2,20,000 FROM THE ABOVE FINANCIAL STATEMENTS CALCULATE THE FOLLOWING RATIOS (i) Current Ratio (II) quick ratio (iii) debt-equity ratio (iv) Interest coverage ratio (v) Gross profit margin (vi) Net profit margin (vii) Return on investment (viii) Return on equity(ix)Asset turn over (x) Inventory turnover. Explain the uses of ratio analysis (ii)
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