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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