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All ratio From the following statements, calculate the various ratios: Extract from statement of Profit and Loss of Juliet & Company for year ending March
All ratio
From the following statements, calculate the various ratios: Extract from statement of Profit and Loss of Juliet & Company for year ending March 31, 2014 (in 7 000) Net Sales Less: Cost of goods sold Gross Profit Operating expenses Operating Profit Interest Income before tax Income tax provision Net Income after tax for the year 600 360 240 156 84 % sales 100.0 60.0 40.0 26.0 14.0 8 76 38 38 1.3 12.7 6.4 6.3 Balance Sheet of Julient & Co. (as on March 31, 2012 and 2013) March 31, 2013 (in 000) March 31, 2014 Assets: Current Assets: Cash Account receivables (net) Inventories Pre-paid expenses Total Current Assets Fixed Assets: Land Building and structures Less: Accumulated depreciation Net Buildings structures Total Fixed Assets 60 60 100 20 240 80 60 120 20 280 60 240 120 120 180 60 240 140 100 160 Other Assets: Goodwill and patents Total Assets 20 460 420 60 Liabilities and Equities Current Liabilities: Accounts payable Wages and taxes outstanding Income tax payable Total Current Liabilities 20 50 30 20 100 40 120 80 180 80 200 Long-term Liabilities: 10% Mortgage Debentures Total Liabilities Shareholders' Equity: Share capital (6,000 shares of 20 each fully paid) Retained earnings Total Shareholders' Equity Total Liabilities and Equities 120 120 240 420 120 140 260 460Step by Step Solution
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