From the following particulars, calculate (i) Current Ratio; (ii) Net Profit Ratio and (iii) Gross Profit Ratio.
Question:
From the following particulars, calculate (i) Current Ratio; (ii) Net Profit Ratio and (iii)
Gross Profit Ratio.
Net Sales - Rs.1,40,000; Gross Profit - Rs.10,000; Net Profit - Rs.6,000; Bills Receivable
- Rs.2,000; Debtors - Rs.8,800; Stock - Rs. 10,000; Cash - Rs.6,000; Creditors - Rs.12,000;
and Bills Payable - Rs.8,800.
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