Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

From the following ratios and given information: 1.Fixed Assets: 40,00,000 2.Closing Stock: 4,00,000 3.Stock Turnover Ratio: 10 4.Gross Profit Ratio: 25% 5.Net Profit Ratio: 20%

From the following ratios and given information: 1.Fixed Assets: 40,00,000 2.Closing Stock: 4,00,000 3.Stock Turnover Ratio: 10 4.Gross Profit Ratio: 25% 5.Net Profit Ratio: 20% 6.Net Profit to Capital: 1/5 7.Capital to Total Liabilities: 1/2 8.Fixed Assets to Capital: 5/4 9.Fixed Assets to Total Current Assets: 5/7 The Opening Stock value will be... E Starts ans. 1,20,000 2,40,000 790,000 3,00,000
image text in transcribed
From the following ratios and given information: 1. Fixed Assets: 40,00,000 2. Closing Stock: 4,00,000 3.Stock Turnover Ratio: 10 4. Gross Profit Ratio: 25% 5. Net Profit Ratio: 20\% 6. Net Profit to Capital: 1/5 7. Capital to Total Liabilities: 1/2 8. Fixed Assets to Capital: 5/4 9. Fixed Assets to Total Current Assets: 5/7 The Opening Stock value will be

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Stand Up To The IRS How To Handle Audits Tax Bills And Tax Court

Authors: Frederick W. Daily Robin Leonard

2nd Edition

0873372409, 978-0873372404

More Books

Students also viewed these Accounting questions