Following items appear in the accounts of Al Mazoon trading company, Muscat as on 31st March, 2020: Cash 48,600 Bank Overdraft 52,000 Land and Building XXXXX Equity Shares of OMR 10 10,00,000 each Furniture and fittings 300,000 5% preference shares XXXXX OMR 10 each Payments in advance 62,000 Bills Payable 86,250 Inventories XXXX Long-term loans from XXXX Bank Muscat Trade Creditors 4,05,750 Trade Investment 20,000 General Reserve 4,57,000 Provision for Taxation 1,24,000 Sundry Debtors XXXX Sundry creditors XXXXX Bills Receivables 22,600 Outstanding Expenses 18,000 Plant and Machinery XXXXX Net Sales for the year 21,82,400 10% Debentures 2,50,000 Net Profit for the year 5,27,830 (before tax & dividends) Statement of Profit for the year ended 31st March, 2020 Sales OMR 21,82,400 Less: Cost of goods sold OMR XXXX Interest OMR XXXX OMR XXXXX Net profit OMR 527,830 Additional Information: Market price per equity share OMR 13.50 Tax rate for the company is 15% You are required to arrange the above items in the form of a financial statement to show the following financial Ratios which should be stated: 1. Gross profit Margin 2. ROCE 3. Current ratio(required 4. Quick ratio 5. EPS 6. Debt to total funds 7. Debt to equity ratio 8. Return on equity General Instruction 1. You are required to write a report. Font: Times New Roman, font size 12 and a line spacing of 2. This report should be completed by Individual and technically the report should be as good as possible: well organized in titles and subtitles, footnotes and references. 3. The assignment shall be done by Individual. 4. You are strongly advised to use MS word and should be clearly typed and numbered 5. Do not copy from any material, try to write in your own words, and also be aware of the plagiarism policy of the college. Plagiarism occurs when other's work such as print material, images, audio-visual creations, computer programs, electronic materials, etc. are used without appropriate acknowledgement and reference Disciplinary Action for Student Plagiarism First Offense: Written warning and repeat the work Second Offense: Zero mark and suspension for one semester Third Offense: Dismissal from the college 6. Writing assignments that are found to have as much as a single sentence copied will receive marks of zero. This penalty applies to both the copier and to the copied 7. Last date to submit the assignment is 13/12/2020 Following items appear in the accounts of Al Mazoon trading company, Muscat as on 31st March, 2020: Cash 48,600 Bank Overdraft 52,000 Land and Building XXXXX Equity Shares of OMR 10 10,00,000 each Furniture and fittings 300,000 5% preference shares XXXXX OMR 10 each Payments in advance 62,000 Bills Payable 86,250 Inventories XXXX Long-term loans from XXXX Bank Muscat Trade Creditors 4,05,750 Trade Investment 20,000 General Reserve 4,57,000 Provision for Taxation 1,24,000 Sundry Debtors XXXX Sundry creditors XXXXX Bills Receivables 22,600 Outstanding Expenses 18,000 Plant and Machinery XXXXX Net Sales for the year 21,82,400 10% Debentures 2,50,000 Net Profit for the year 5,27,830 (before tax & dividends) Statement of Profit for the year ended 31st March, 2020 Sales OMR 21,82,400 Less: Cost of goods sold OMR XXXX Interest OMR XXXX OMR XXXXX Net profit OMR 527,830 Additional Information: Market price per equity share OMR 13.50 Tax rate for the company is 15% You are required to arrange the above items in the form of a financial statement to show the following financial Ratios which should be stated: 1. Gross profit Margin 2. ROCE 3. Current ratio(required 4. Quick ratio 5. EPS 6. Debt to total funds 7. Debt to equity ratio 8. Return on equity General Instruction 1. You are required to write a report. Font: Times New Roman, font size 12 and a line spacing of 2. This report should be completed by Individual and technically the report should be as good as possible: well organized in titles and subtitles, footnotes and references. 3. The assignment shall be done by Individual. 4. You are strongly advised to use MS word and should be clearly typed and numbered 5. Do not copy from any material, try to write in your own words, and also be aware of the plagiarism policy of the college. Plagiarism occurs when other's work such as print material, images, audio-visual creations, computer programs, electronic materials, etc. are used without appropriate acknowledgement and reference Disciplinary Action for Student Plagiarism First Offense: Written warning and repeat the work Second Offense: Zero mark and suspension for one semester Third Offense: Dismissal from the college 6. Writing assignments that are found to have as much as a single sentence copied will receive marks of zero. This penalty applies to both the copier and to the copied 7. Last date to submit the assignment is 13/12/2020
