Cash Rs.108,000

Accounts receivable (net) 300,500

Merchandise inventory 226,000

Accrued interest on notes receivable 4,500

Accounts payable 108,000

10% notes receivable (current) 16,500

Advances from customers 1,500

Ordinary shares capital 400,000

Retained earnings 280,000

Sales (including cash sales of Rs.220,500) 1,320,500

Gross profit 520,500

Net income 250,000

Cash dividend declared 120,000

Operating expenses 400,000

Other information is as under: Shareholders equity (opening) wasRs.760,000. Market price per share isRs.40. Merchandise inventory (opening) wasRs.80,000. Accounts receivable (opening) wasRs.102,500. REQUIRED: Compute the following ratios and comment: 1. Operating expenses rate 2. Current ratio

3. Quick ratio 4. Dividend yield

5. Earnings per share 6. Price earnings ratio

7. Rate of return on ordinary shares 8. Accounts receivable turnover ratio

9. Inventory turnover ratio 10. Gross profit ratio