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Posted: October 25th, 2023
ABC LTD PQR LTD – Ratios to be computed
BALANACE SHEET
As at Decemeber 31, 2011
ABC LTD PQR LTD
FIXED ASSETS
Equipment at Cost 25,000 50,000
Less: Depreciation 20,000 5,000 15,000 35,000
Curent Assets
Inventory 37,500 43,750
Accounts Receivable 62,500 50,000
Cash At Bank 12,500 6,250
1,12,500 1,00,000
Less: Current Liabilites 12,500 1,00,000 25,000 75,000
Total Assets 1,05,000 1,10,000
What Citation Formats Do You Support?
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Financed By
Capital B/f 95,000 90,000
Add: Net Profit 25,000 37,500
1,20,000 1,27,500
Less: Drawings 15,000 17,500
1,05,000 1,10,000
TRADING AND PROFIT & LOSS ACCOUNT
FOR THE YEAR ENDED DECEMBER 31, 2011
ABC LTD PQR LTD
Sales Revenue 2,00,000 3,00,000
Less: Cost of goods sold
Opening Inventory 62,500 56,250
Add: Purchases 1,25,000 2,27,500
1,87,500 2,83,750
Less: Closing Inventory 37,500 1,50,000 43,750 2,40,000
Gross Profit 50,000 60,000
Less: Depreciation 2,500 7,500
Other expense 22,500 25,000 15,000 22,500
Net Profit 25,000 37,500
Ratios to be computed:
a. Gross Profit as percentage to sales
b. Net profit as percentage of sales
© Expenses as percentage to sales
(d) Current Ratio
⬠Acid test ratio
(f) Stock turnover ratio
(g) Debtors (Accounts receivable) - sales ratio
(h) Return (Net profit) on Capital employed
(i) Net working capital
(j) Net working capital to total assets ratio
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