Solution 1
Gross profit = Rs. 80,000
Gross profit to cost of goods sold ratio-1/3
Rs. 80000/ cost of goods sold = 1/3
Cost of goods sold = Rs. 240,000
Stock velocity-6 times
Stock velocity = (Average stock * 360/12)/ Cost of sales
6 = (Average stock * 360/12)/240000
48000 = Average stock
Average stock = (Opening stock + Closing stock)/2
48000 = (36000+ closing stock) / 2
96000 = 36000 + closing stock
Closing stock = 60,000
Accounts receivable velocity = 72 days
Accounts receivable velocity = (Receivables * 360/12)/ Cost of sales
Accounts Receivables = 576,000
A/c payable velocity-90 days
Accounts payable velocity = (Accounts payable * 360/12)/ Cost of sales
Accounts payable = 720,000
Fixed assets turnover ratio – 8 times
Fixed assets turnover ratio = Cost of sales / Fixed assets
8 = 240000/ Fixed assets
Fixed assets = 30,000
Balance Sheet
    Particulars
    Amount Rs.
    Current assets
     
    Stock
    60000
    Accounts receivable
    576000
    Bills receivable
    20000
    Current assets
    150000
    Total current assets
    806000
    Fixed assets
    30000
     
     
    Total assets
    836000
     
     
    Liabilities
     
    Accounts payable
    720000
    Bills payable
    5000
     
     
    Total liabilities
    725000
Solution 2
     
     
    30 April 20x3
    ROCE
    Net profit
    465
    16.34%
     
    Capital employed
    2845
     
     
     
     
     
    Profit/sales
    Profit
    465
    4.15%
     
    Sales
    11200
     
     
     
     
     
    Asset turnover
    Sales
    11200
    3.24
     
    Average assets
    3460
     
     
     
     
     
     
     
     
     
    Current ratio
    Current assets
    1950
    2.04
     
    Current liabilities
    955
     
     
     
     
     
    Quick ratio
    Current asset-inventory
    1310
    1.37
     
    Current liabilities
    955
     
     
     
     
     
    Gross profit margin
    Gross profit
    2740
    24.46%
     
    sales
    11200
     
     
     
     
     
    Days debtor
    365
    365
    37.64
     
    Debtor turnover
    9.696969697
     
     
     
     
     
    Days...