The data shown below were taken from the financial records of Shahid Limited at the end of 2018. 1. Account Payable 50,000 2. Accrued Liabilities 33,000 3. Cash 32,000 4. Inventories (Jan 1,2018) 42,000 5. Inventories (Dec.31 2018) 38,000 6. Marketable Securities 10,000 7. Operating Expenses 120,000 8. Prepaid Expenses 25,000 9. Purchases (Net) 360,000 10. Accounts Receivable( Jan 1,2018) 61,000 11. Account Receivable (Dec.31,2018) 61,000 12. Long Term Loan 150,000 13. Plant Assets 400,000 14. Sales (All on Credit) 604,000 15. Sales Return 20,000 16. Retained Earnings 133,000 17. Share Capital (Rs. 10) ? 18. Market Price Per Share Rs. 18 Required: On the basis of above information computes the following. a) Current Ratio b) Quick Ratio c) Equity Ratio d) Debt Ratio e) Inventory Turnover f) Receivable Turnover g) Rate of Net Income on Sales h) Book value per share i) Days of operating cycle
The data shown below were taken from the financial records of Shahid Limited at the end of 2018.
1. Account Payable 50,000
2. Accrued Liabilities 33,000
3. Cash 32,000
4. Inventories (Jan 1,2018) 42,000
5. Inventories (Dec.31 2018) 38,000
6. Marketable Securities 10,000
7. Operating Expenses 120,000
8. Prepaid Expenses 25,000
9. Purchases (Net) 360,000
10.
11. Account Receivable (Dec.31,2018) 61,000
12. Long Term Loan 150,000
13. Plant Assets 400,000
14. Sales (All on Credit) 604,000
15. Sales Return 20,000
16.
17. Share Capital (Rs. 10) ?
18. Market Price Per Share Rs. 18
Required: On the basis of above information computes the following.
a)
b) Quick Ratio
c) Equity Ratio
d) Debt Ratio
e) Inventory Turnover
f) Receivable Turnover
g) Rate of Net Income on Sales
h) Book value per share
i) Days of operating cycle
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