Following are the given figures: Opening Stock Rs. 30,000, Carriage On Sales Rs. 3,000; Closing Stock Rs. 28,000; Rent Of Office Rs. 5,000, Purchase Rs. 85,800, Sales Rs. 1,40,700, Carriage On Purchase Rs. 2,300; Selling Expenses Rs. 600; Drawings Rs. 10,000; Gross profit will be A Rs 50,000 O b. Rs 47,600 C Rs 42,600 O d. Rs 50,600

Following are the given figures: Opening Stock Rs. 30,000, Carriage On Sales Rs. 3,000; Closing Stock Rs. 28,000; Rent Of Office Rs. 5,000, Purchase Rs. 85,800, Sales Rs. 1,40,700, Carriage On Purchase Rs. 2,300; Selling Expenses Rs. 600; Drawings Rs. 10,000; Gross profit will be A Rs 50,000 O b. Rs 47,600 C Rs 42,600 O d. Rs 50,600

Name: Following are the given figures: Opening Stock Rs. 30,000, Carriage O
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Description: Following are the given figures: Opening Stock Rs. 30,000, Carriage On Sales Rs. 3,000; Closing Stock Rs. 28,000; Rent OfOffice Rs. 5,000, Purchase Rs. 85,800, Sales Rs. 1,40,700, Carriage On Purchase Rs. 2,300; Selling Expenses Rs. 600; DrawingsRs.

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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A company has net income of $300,000, net sales of $2,500,000, and total assets of $2,000,000. Its return on total assets equals a. 6.7%. c. 8.3%. e. 15.0%. b. 12.0%. d. 80.0%.
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Following are the given figures: Opening Stock Rs. 30,000, Carriage On Sales Rs. 3,000; Closing Stock Rs. 28,000; Rent Of Office Rs. 5,000, Purchase Rs. 85,800, Sales Rs. 1,40,700, Carriage On Purchase Rs. 2,300; Selling Expenses Rs. 600; Drawings Rs. 10,000; Gross profit will be A Rs 50,000 O b. Rs 47,600 C Rs 42,600 O d. Rs 50,600