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On the basis of the above data, you are required tó calculate following ratios and interpret them as briefly 1) Current Ratio. 2) Gross Profit Ratio. 3) Quick Ratio FN ås possible:

On the basis of the above data, you are required tó calculate following ratios and interpret them as briefly 1) Current Ratio. 2) Gross Profit Ratio. 3) Quick Ratio FN ås possible:

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Balance Shcet Liabilitics Assets 22,00,000 Share Capitat Reserve and Surplus Fixed Assets 28,00,000 2,00,000 1,40,000 Stock 6,20,000 Bank Overdraft Debtors 3,20,000 Creditors 6,00,000 Bank 8,00,000 80,000 40,20,000 Profit for the year: Cash 2,80,000 40,20,000 On the basis of the above data, you are required to calculate the following ratios and interpret them as briefly ås possible: 1) Current Ratio. 2) Gross Profit Ratio. 3) Quick Ratio.
Transcribed Image Text:Balance Shcet Liabilitics Assets 22,00,000 Share Capitat Reserve and Surplus Fixed Assets 28,00,000 2,00,000 1,40,000 Stock 6,20,000 Bank Overdraft Debtors 3,20,000 Creditors 6,00,000 Bank 8,00,000 80,000 40,20,000 Profit for the year: Cash 2,80,000 40,20,000 On the basis of the above data, you are required to calculate the following ratios and interpret them as briefly ås possible: 1) Current Ratio. 2) Gross Profit Ratio. 3) Quick Ratio.
Example 9: The following is the trading and profit and loss account of Mercury Ltd. for the year ending on 31" December 2015, followed by the Balance Sheet of the company: st Particular To Opening Stock To Purchases To Gross Profit c/d: 6,00,000 Trading and Profit and Loss Account Particular 5,80,000 By Sales 24,40,000 By Closing Stock 30,00,000 6,20,000 36,20,000 3,20,000 By Gross profit b/d 2,80,000 6,00,000 36,20,000 6,00,000 To General Expenses To Net Profit 6,00,000
Transcribed Image Text:Example 9: The following is the trading and profit and loss account of Mercury Ltd. for the year ending on 31" December 2015, followed by the Balance Sheet of the company: st Particular To Opening Stock To Purchases To Gross Profit c/d: 6,00,000 Trading and Profit and Loss Account Particular 5,80,000 By Sales 24,40,000 By Closing Stock 30,00,000 6,20,000 36,20,000 3,20,000 By Gross profit b/d 2,80,000 6,00,000 36,20,000 6,00,000 To General Expenses To Net Profit 6,00,000
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