Answer the following Compulsory question. Following is the balance sheet of S & Co. Liabilities Amount Equity share capital 12% Debenture Reserve Current liabilities Assets 1,00,000 Fixed assets 80,000 Current assets 40,000 60,000 2,80,000 Amount 2,20,000 60,000 2,80,000 The company's total assets turnover is 2 times; fixed operating cost is Rs.1,25,000; Variable operating cost is Rs 40% of sales. Tax rate is 25%.

Answer the following Compulsory question. Following is the balance sheet of S & Co. Liabilities Amount Equity share capital 12% Debenture Reserve Current liabilities Assets 1,00,000 Fixed assets 80,000 Current assets 40,000 60,000 2,80,000 Amount 2,20,000 60,000 2,80,000 The company's total assets turnover is 2 times; fixed operating cost is Rs.1,25,000; Variable operating cost is Rs 40% of sales. Tax rate is 25%.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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