Question
The following data was extracted from the books of Anil traders. Particulars Rs. Sales during the period 50,00,000 opening debtors 5,00,000 closing debtors 4,00,000 opening
The following data was extracted from the books of Anil traders.
Particulars
Rs.
Sales during the period
50,00,000
opening debtors
5,00,000
closing debtors
4,00,000
opening inventory
8,00,000
closing inventory
5,00,000
fixed assets
40,00,000
current assets
20,00,000
Share holders equity
60,00,000
Total debt
40,00,000
rate of interest
10%
operating profit
30,00,000
From the above data you are required to prepare
i.Debtors turnover ratio
ii.Inventory turnover ratio
iii.Total assets turnover ratio
Debt to equity ratio.
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Accounting Information Systems The Crossroads Of Accounting And IT
Authors: Donna Ulmer, Donna Kay, Ali Olia
1st Edition
0132132524, 9780132132527
