From the following data relating to M/s Paul Ltd, calculate the following: (a) Gross Profit Ratio (b) (Operating Ratio Revenue from operations $4,95,000, Cost of Revenue from operations $3,30,000, Current Liabilities $33,000, Share Capital $82,500, Long term Loan taken from State Bank of Ohio, $41,250, Current Assets $99,000, Selling Expenses $28,050, Office Expenses $21,450, Surplus, i.e., Balance in Statement of Profit & Loss $49,500.

From the following data relating to M/s Paul Ltd, calculate the following: (a) Gross Profit Ratio (b) (Operating Ratio Revenue from operations $4,95,000, Cost of Revenue from operations $3,30,000, Current Liabilities $33,000, Share Capital $82,500, Long term Loan taken from State Bank of Ohio, $41,250, Current Assets $99,000, Selling Expenses $28,050, Office Expenses $21,450, Surplus, i.e., Balance in Statement of Profit & Loss $49,500.

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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