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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