Business, 25.10.2021 19:50 rosehayden21

and Statutory Audit (2 marks) 13. The following Trading and Profit and Loss Account of Fantasy Ltd. for the year 31 March 2000 is given below: 26 Particular To Opening Stock Purchases Carriage and Freight Wages Gross Profit b/d Rs. 5,00,000 98,500 re 2 Rs. Particular 76,250 By Sales 3,15,250 Closing stock 2,000 5,000 2,00,000 5,98,500 SE 5,98,500 2,00,000 se To Administration expenses Selling and Dist. expenses Non-operating expenses * Financial Expenses Net Profit c/d 1,01,000 By Gross Profit bſd 12,000 Non-operating incomes: 2,000 Interest on Securities 7,000 * Dividend on shares 84,000 "Profit on sale of shares 2,06,000 1,500 3,750 750 2,06,000 Required: Calculate (i) Gross profit ratio (ii) Expenses ratio (iii) Operating ratio (iv) Net profit ratio (v) Stock turnover ratio (5 marks)

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and Statutory Audit (2 marks) 13. The following Trading and Profit and Loss Account of Fantasy Ltd....

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