The following Trading and Profit and Loss Account of Fantasy Ltd. for the year 3132000 is given below Calculate:

Income Statement

Sales (30% cash sales)	1500000
Cost of Goods sold	450000
Gross Profit	1050000
Administrative Expenses	225000
Selleing Expenses	125000
Profit before Taxes:	700000
tax	245000
Income After tax (65 % of PBT)	?

Balance Sheet

Particular	Rs.	Particular	Rs.
Equity share capital	2,000,000	Fixed Assets	5,500,000
10% Preference share capital	2,000,000	Stock	175,000
Reserves	1,100,000	Debtors	400,000
10% Debentures	1,000,000	Cash	225,000
Creditors	100,000	Fictitious Assets	100,000
Bankoverdraft	150,000
Bills payable	45,000
Outstanding expenses	5,000
Total	6,400,000	Total	6,400,000

• Beside the details mentioned above, the opening stock was of Rs. 3,25,000. Taking 360 days of the year,

Required: calculate the following ratios; also discuss the position of the company:

1. Gross profit ratio.
2. Stock turnover ratio.
3. Operating ratio.
4. Current ratio.
5. Liquid ratio.
6. Debtors ratio.
7. Creditors ratio.
8. Rate of return on equity shares