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For the year ending 31-03-2021, JKL Enterprises has provided the following financial information: $ Cash 2,50,000 Sundry debtors 6,50,000 Short term investment 3,50,000 Stock 19,00,000

For the year ending 31-03-2021, JKL Enterprises has provided the following financial information:


$

Cash

2,50,000

Sundry debtors

6,50,000

Short term investment

3,50,000

Stock

19,00,000

Prepaid expenses

25,000

Total current assets: $31,75,000


$

Current liabilities

11,00,000

9% Debentures

13,00,000

Equity share capital

23,00,000

Retained earnings

7,00,000

Statement of Profit for the year ending 31-03-2021


$

Sales (50% cash sales)

65,00,000

Less: Cost of goods sold

43,00,000

Profit before interest & tax

22,00,000

Less: Interest

2,75,000

Profit before tax

19,25,000

Less: Tax @28%

5,39,000

Net Profit: $13,86,000

Calculate: (i) Current liabilities to net worth, (ii) Fixed assets turnover ratio, (iii) Gross profit ratio, and (iv) Payables turnover ratio.

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