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The financial overview of ABC Enterprises for the year ending 31-12-2022 is given below: $ Cash 2,80,000 Sundry debtors 6,20,000 Short term investment 3,80,000 Stock

The financial overview of ABC Enterprises for the year ending 31-12-2022 is given below:


$

Cash

2,80,000

Sundry debtors

6,20,000

Short term investment

3,80,000

Stock

20,00,000

Prepaid expenses

40,000

Total current assets: $32,20,000


$

Current liabilities

10,00,000

9% Debentures

12,50,000

Equity share capital

23,50,000

Retained earnings

8,00,000

Statement of Profit for the year ending 31-12-2022


$

Sales (25% cash sales)

68,00,000

Less: Cost of goods sold

47,00,000

Profit before interest & tax

21,00,000

Less: Interest

1,90,000

Profit before tax

19,10,000

Less: Tax @30%

5,73,000

Net Profit: $13,37,000

Calculate: (i) Quick ratio, (ii) Proprietary ratio, (iii) Gross profit margin, and (iv) Receivables turnover ratio.

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