Question
Following items appear in the accounts of Al Mazoon trading company, Muscat as on 31st March, 2020 : Cash 48,600 Bank Overdraft 52,000 Land and
Following items appear in the accounts of Al Mazoon trading company, Muscat as on 31st March, 2020 :
Cash
48,600
Bank Overdraft
52,000
Land and Building
600,000
Equity Shares of OMR 10 each
10,00,000
Furniture and fittings
300,000
5% preference shares
OMR 10 each
50000
Payments in advance
62,000
Bills Payable
86,250
Inventories
8000
Long-term loans from Bank Muscat
1500
Trade Creditors
4,05,750
Trade Investment
20,000
General Reserve
4,57,000
Provision for Taxation
1,24,000
Sundry Debtors
7000
Sundry creditors
90000
Bills Receivables
22,600
Outstanding Expenses
18,000
Plant and Machinery
50000
Net Sales for the year
21,82,400
10% Debentures
2,50,000
Net Profit for the year
(before tax & dividends)
5,27,830
Statement of Profit for the year ended 31st March, 2020
Sales
OMR 21,82,400
Less : Cost of goods sold
OMR 1100
Interest
OMR 4000
OMR 30000
Net profit
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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