From the following information and ratios, prepare Statement of Profit and Loss for the year ended 31st March, 2016, and Balance Sheet as on that date of M/s Stan & Co., an export company : Current Assets to Stock 5.00 Stock Turnover Ratio Fixed Assets Turnover Ratio Total Liabilities to Net Worth 3:2 Current Ratio 3.00 1.20 Acid Test Ratio 1.00 2.75 $10.00 lakhs Net Working Capital Net Profit to Sales Variable Cost 2.20 Financial Leverage Earnings per Share (each of $10) Book Value per Share Average Collection Period (assume 360 days in the year) 10.00 10% 40.00 60% Long Term Loan Interest Taxation 30 days 12% Nil

From the following information and ratios, prepare Statement of Profit and Loss for the year ended 31st March, 2016, and Balance Sheet as on that date of M/s Stan & Co., an export company : Current Assets to Stock 5.00 Stock Turnover Ratio Fixed Assets Turnover Ratio Total Liabilities to Net Worth 3:2 Current Ratio 3.00 1.20 Acid Test Ratio 1.00 2.75 $10.00 lakhs Net Working Capital Net Profit to Sales Variable Cost 2.20 Financial Leverage Earnings per Share (each of $10) Book Value per Share Average Collection Period (assume 360 days in the year) 10.00 10% 40.00 60% Long Term Loan Interest Taxation 30 days 12% Nil

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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