Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Particular Amount Particular Amount Sales 2500000 Fixed asset 1440000 Cost of sales 2000000 Net worth 1500000 Net profit 400000 Debt long term 900000 Average inventory
Particular Amount Particular Amount Sales 2500000 Fixed asset 1440000 Cost of sales 2000000 Net worth 1500000 Net profit 400000 Debt long term 900000 Average inventory 800000 Current liabilities 500000 Other current asset 700000 Net profit before tax 800000 & interest Calculate 1 Gross Profit ratio 2 Net Profit ratio 3 Current Ratio 4 liquid Ratio
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started