8 = Other current assets Total current assets - Stock 14,00.000 1,00,000 = Rs. 13,00,000 Trading and Profit and Loss Account of Sri Anand for the year ended Particulars By sales Rs. 10,00,000 Particulars Rs. To cost of sales (bal. 7,50,000 figure To gross profit 2.50,000 10,00,000 To Expenses (bal. figure) 50,000 To Net profit 2.00.000 2,50,000 10,00,000 By Gross profit 2,50,000 2,50.000 Balance Sheet of Shri Anand as at ........... Liabilities Rs. 10,00,000 Capital Rs. Assets Fixed assets 6.00,000 Current assets 2.00,000 8,00,000 Stocks 1,00,000 Opening balance Add Profit Total liabilities 16,00,000 Others 13,00,000 14,00,000 24,00,000 24,00,000 t47 Illustration 6 The Trading and Profit and Loss Account of SKSS Ltd., for the year ended 31st March, 2007 are given below: Particulars Rs. Particulars Rs. To opening stock 2,50,000 By Sales 24,00,000 To Purchases 10,50,000 By Closing stock 1,50,000 To Wages 4,00,000 Factory 2,00,000 expenses To Gross profit cld 6,50,000 25,50,000 25,50,000 To Administration 2,30,000 By Gross Profit b/d b/ 6,50,000 expenses To Selling and 1,00,000 By Miscellaneous 50,000 distribution Income expenses To interest 20,000 To Net profit 3,50,000 7,00,000 7,00,000 You are required to calculate operating ratios