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
1
Expert's answer
2014-02-11T05:26:14-0500
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Comments

Assignment Expert
04.03.14, 21:06

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.

sleeva reddy
22.02.14, 13:39

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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