With the following ratio, prepare trading and Profit and Loss account and a balance sheet: 1. Gross

Question:

With the following ratio, prepare trading and Profit and Loss account and a balance
sheet:
1. Gross Profit ratio 20%
2. Net Profit/sales 15%
3. Stock turnover ratio 8
4. Net Profit/Capital 15%
5. Capital to total outside liabilities 4/7
6. Fixed Assets/Capital 5/7
7. Fixed Assets/Total Current Assets 5/6
8. Fixed Assets Rs. 15,00,000
Closing stock is 2 in comparison to opening stock.

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