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Answer to Question #39062 in Finance for Sarava
Question #39062
From the following information pertaining to M/s ABC & Co. Ltd., prepare its trading, profit & Loss A/c for the year ending 31st March 2012 and summarized Balance Sheet as on that date.
Current ratio - 2.5
Quick Ratio - 1.3
Proprietary ratio - 0.06
Gross Profit to sales - 10%
Debtors Velocity - 40 days
Sales - 273000
Working capital - 120000
Bank overdraft - 215000
Share Capital - 250000
Closing Stock is 10% more than opening stock
Current ratio - 2.5
Quick Ratio - 1.3
Proprietary ratio - 0.06
Gross Profit to sales - 10%
Debtors Velocity - 40 days
Sales - 273000
Working capital - 120000
Bank overdraft - 215000
Share Capital - 250000
Closing Stock is 10% more than opening stock
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Dear sleeva reddy Unfortunately, your question requires a lot of work and cannot be done for free. Please submit it with all requirements as an assignment to our control panel and we’ll assist you.
4. From the following information pertaining to M/s ABC & Co. Ltd., prepare its trading, profit & Loss A/c for the year ending 31st March 2012 and summarized Balance Sheet as on that date. Current ratio - 2.5 Quick Ratio - 1.3 Proprietary ratio - 0.06 Gross Profit to sales - 10% Debtors Velocity - 40 days Sales - 2,73,000 Working capital - 1,20,000 Bank overdraft - 2,15,000 Share Capital - 2,50,000 Closing Stock is 10% more than opening stock Net profit 10% of proprietar
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