Following is the Trading and Profit & Loss Account of Siya & Co., for the year ended on 31st Dec. 1987: 2$ 75,000 | By Sales 3,15,000 | By Stock 2,000 5,000 2,00,000 5,00,000 97,000 To Stock To Purchases To Freight To Wages To Gross profit 5,97,000 5,97,000 To Adm. expenses To Financial expenses To Selling exp. To Non-operating expenses To Net Profit 1,00,000 By Gross Profit 7,000 By Non-operating 16,000 | incomes 2,000 80,000 2,00,000 5,000 2,05,000 2,05,000 Calculate: (1) (1I) Gross Profit Ratio. Net Profit Ratio. (III) Opening Net Profit Ratio.

Following is the Trading and Profit & Loss Account of Siya & Co., for the year ended on 31st Dec. 1987: 2$ 75,000 | By Sales 3,15,000 | By Stock 2,000 5,000 2,00,000 5,00,000 97,000 To Stock To Purchases To Freight To Wages To Gross profit 5,97,000 5,97,000 To Adm. expenses To Financial expenses To Selling exp. To Non-operating expenses To Net Profit 1,00,000 By Gross Profit 7,000 By Non-operating 16,000 | incomes 2,000 80,000 2,00,000 5,000 2,05,000 2,05,000 Calculate: (1) (1I) Gross Profit Ratio. Net Profit Ratio. (III) Opening Net Profit Ratio.

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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The following is the Profit & Loss Account of avita Private Ltd. for the year ending 31st December, 1986. $ $ To Opening stock 6,35,000 3,15,000 1,02,000 By Cash sales Purchases 5,29,000 Credit sales 9,50,000 15,000 9,35,000 92,000 Returns 17,000 5,12,000 Returns Сarriage Wages Gross Profit 5,000 By Closing stock 55,000 3,53.000 10,27,000 10,27,000 Administrative Expenses: 3,53,000 By Gross Profit Non-operating Income: Salaries 35,000 20,000 15,000 5,000 Rent Dividend on shares 3,500 To Depreciation Sundry exp. Selling and Distribution Profit on sale of shares 8,500 85,000 exp: Advertising Salesmen's Salary & 1,05,000 14,000 Commission Other selling exps. Non-operating exps: Loss on sale of machinery To Net Profit 11,000 75,000 3,65,000 3,65,000 You are required to calculate: (1) Gross Profit Ratio (2) Operating Profit Ratio (3) Operating Ratio
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