Question
Following items appear in the accounts of Al Mazoon trading company, Muscat as on 31st March, 2020 : Cash 48,600 Bank Overdraft Land and Building
Following items appear in the accounts of Al Mazoon trading company, Muscat as on 31st March, 2020 : Cash 48,600 Bank Overdraft Land and Building XXXXX Equity Shares of OMR 10 52,000 10,00,000 each Furniture and fittings 300,000 5% preference shares XXXXX OMR 10 each Payments in advance 62,000 Bills Payable 86,250 Inventories XXXX Long-term loans from XXXX Bank Muscat Trade Creditors 4,05,750 Trade Investment 20,000 General Reserve 4,57,000 Provision for Taxation 1,24,000 Sundry Debtors XXXX Sundry creditors XXXXX Bills Receivables 22,600 Plant and Machinery XXXXX 10% Debentures 2,50,000 Outstanding Expenses Net Sales for the year Net Profit for the year (before tax & dividends) 18,000 21,82,400 5,27,830 Statement of Profit for the year ended 31st March, 2020 Sales OMR 21,82,400 Less Cost of goods sold OMR XXXX Interest OMR XXXX Net profit OMR XXXXX OMR 527,830 Additional Information: Market price per equity share OMR 13.50 Tax rate for the company is 15% You are required to arrange the above items in the form of a financial statement to show the following financial Ratios which should be stated: 1. Gross profit Margin 2. ROCE 3. Current ratio (required 4. Quick ratio 5. EPS 6. Debt to total funds 7. Debt to equity ratio 8. Return on equity
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