Find the below following: -Operating (Net) Profit Ratio -Stock Turnover Ratio
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Find the below following:
-Operating (Net) Profit Ratio
-Stock Turnover Ratio
![The following Trading and Profit and Loss Account of Fantasy Ltd. for the year 31-3-2000 is given
below:
Particular
To Opening Stock
" Purchases
Carriage and Freight
" Wages
Gross Profit b/d
Particular
Rs.
Rs.
76,250 By Sales
3,15,250 " Closing stock
5,00,000
98,500
2,000
5,000
2,00,000
5,98,500
5,98,500
To Administration expenses
" Selling and Dist. expenses
" Non-operating expenses
Financial Expenses
Net Profit c/d
1,01,000 By Gross Profit b/d
12,000 "Non-operating incomes:
2,000 "Interest on Securities
7,000 " Dividend on shares
84,000 " Profit on sale of shares
2,06,000
2,00,000
1,500
3,750
750
2,06,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0c4b9f5b-768b-4a25-b9b4-25f41d306eb4%2Ff3367f91-983a-4d7c-9acb-b1b6ca15f228%2Fxx2x5bj_processed.png&w=3840&q=75)
Transcribed Image Text:The following Trading and Profit and Loss Account of Fantasy Ltd. for the year 31-3-2000 is given
below:
Particular
To Opening Stock
" Purchases
Carriage and Freight
" Wages
Gross Profit b/d
Particular
Rs.
Rs.
76,250 By Sales
3,15,250 " Closing stock
5,00,000
98,500
2,000
5,000
2,00,000
5,98,500
5,98,500
To Administration expenses
" Selling and Dist. expenses
" Non-operating expenses
Financial Expenses
Net Profit c/d
1,01,000 By Gross Profit b/d
12,000 "Non-operating incomes:
2,000 "Interest on Securities
7,000 " Dividend on shares
84,000 " Profit on sale of shares
2,06,000
2,00,000
1,500
3,750
750
2,06,000
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