Particulars OMR Sales 330,000 Cost of goods sold 155,000 Administration expenses 33,000 Selling & Distribution exp. 44,000 Interest received 12,200 Rent Received 2,000 Commission received 1,750 Liabilities OMR Assets OMR Equity share capital 27,800Furniture 4,000 Accounts Payable 1,550Cash in hand 4,500 Reserves and surplus 2,550Bills receivables 3,750 Bills payable 950Land 9,000 Long term borrowings 6,520Marketable securities 850 Outstanding Salaries 850Cash in bank 5,250 Loan from Bank 3,450Building 6,600 Preference share capital 5,265Prepaid expenses 850 Bank overdraft 825Cars & Trucks 3,350 Tax outstanding 590Account Receivables 1,150 Inventory 2,150 Income earned but not 430 received Machinery 6,250 Equipment 2,220 Total 50,350Total 50,350
Particulars OMR Sales 330,000 Cost of goods sold 155,000 Administration expenses 33,000 Selling & Distribution exp. 44,000 Interest received 12,200 Rent Received 2,000 Commission received 1,750 Liabilities OMR Assets OMR Equity share capital 27,800Furniture 4,000 Accounts Payable 1,550Cash in hand 4,500 Reserves and surplus 2,550Bills receivables 3,750 Bills payable 950Land 9,000 Long term borrowings 6,520Marketable securities 850 Outstanding Salaries 850Cash in bank 5,250 Loan from Bank 3,450Building 6,600 Preference share capital 5,265Prepaid expenses 850 Bank overdraft 825Cars & Trucks 3,350 Tax outstanding 590Account Receivables 1,150 Inventory 2,150 Income earned but not 430 received Machinery 6,250 Equipment 2,220 Total 50,350Total 50,350
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Calculate the following ratios:
Return on capital employed
Current ratio
Liquid ratio
Return on Equity
Gross Profit & Net Profit Margin
Give a brief report on the financial position of the company based on the above figures.
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