From the following annual statements of Pioneer Ltd., calculate the following ratios:
(a) Gross Profit Ratio;

(b) Current Ratio;

(c) Liquid Ratio; and Debt Equity Ratio.

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I. II. III. IV. V. VIII. Pioneer Ltd. Statement of Profit and Loss for the year ended 31st March, 2016 Sales / Revenue from Operations Other Income: Profit on Sale of Investments Interest on Investments Total Income (I + II) Expenses : Cost of goods sold Carriage Inward Employee Benefit Expenses Financial Expenses Other Expenses Total Expenses Net Profit (III-IV) Particulars (1) Note No. (2) Amount (3) 85,000 600 300 85,900 49,575 1,425 18,000 1,500 400 70,900 15,000