Answer to Question #209039 in Accounting for Anki

Question

Following are the information related to a company:

Gross Profit Ratio 20 %

EPS Rs.2

No. Of Shares (Rs.10 each) 25000

Profit 25 % of Share Capital

Current Ratio 3:1

Acid Test Ratio 1.5:1

Quick Assets Rs. 30000

Inventory Turnover 10 times

Operating Ratio 90%

Closing stock is less by Rs. 6000 than opening stock

From the above derive as much additional information as you can

Answer 1

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