Find the below following: -Operating (Net) Profit Ratio -Stock Turnover Ratio

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
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
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
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education