1. Calculate and present financial ratios from the following set of final accounts a) The Trading and Profit and Loss Account of Kingston & Co. For the year 31-3-2020 is given below: Particulars $ Particulars S To opening stock 76,250 By Sales 5,00,000 To purchases 3,15,250 By Closing stock 98,500 To Carriage inward 2,000 To wages 5,000 To Gross profit c/d 2,00,000 5,98,500 5,98,500 To Administrative 1,01,000 By Gross profit bid 2,00,000 exp. To Selling & dist. 12,000 By interest on securities 1,500 Exp. To non-operating 2,000 By dividend on shares 3,750 exp. To financial exp. 7,000 By profit on sale of 750 To net profit c/d 84,000 shares 2,06,000 2,06,000 Calculate: Gross profit ratio, Expense ratio, operating ratio, net operating profit ratio & net profit ratio b) Liabilities $ Assets Equity Share Capital 2,00,000 Machinery 5,92,000 12% Preference share capital 3,60,000 Investment 2,24,000 General Reserve 1,40,000 St 2.02,000 16% debentures 2,40,000 Bills Receivable 40,000 Trade payable 2,44,000 S. Debtors 98,000 Bank overdraft 40,000 Cash and Bank 76,000 Provision for Income Tax 36,000 Profit & Loss A/c 28,000 12,60.000 12,60,000