FROM THE FOLLOWING, CALCULATE PROFITABILITY RATIOS. TRADING AND PROFIT AND LOSS ACCOUNT OF MMR & CO. FOR THE YEAR ENDING 31.12. 2019(HORIZONTAL FORMAT) PARTICULARS $ $ Opening stock Purchases Gross profit 199,000 1,119,000 680,000 1.998.000 300,000 Administration expenses Selling expenses | 60,000 Finance 30,000 expenses Loss on sale of 8,000 plant Net profit 300.000 698.000 PARTICULARS Sales Closing stock Gross profit Interest 1,700,000 298,000 1.998,000 680,000 18,000 698.000

FROM THE FOLLOWING, CALCULATE PROFITABILITY RATIOS. TRADING AND PROFIT AND LOSS ACCOUNT OF MMR & CO. FOR THE YEAR ENDING 31.12. 2019(HORIZONTAL FORMAT) PARTICULARS $ $ Opening stock Purchases Gross profit 199,000 1,119,000 680,000 1.998.000 300,000 Administration expenses Selling expenses | 60,000 Finance 30,000 expenses Loss on sale of 8,000 plant Net profit 300.000 698.000 PARTICULARS Sales Closing stock Gross profit Interest 1,700,000 298,000 1.998,000 680,000 18,000 698.000

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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