Following are the information extracted from the balance sheet of Sun rise LLC 42,000 Opening Stock Purchases 90,000 5,000 Carriage Inward Wages 29,000 Selling and distribution Expanses 14,000 Sales...


Following are the information extracted from the balance sheet of Sun rise LLC<br>42,000<br>Opening Stock<br>Purchases<br>90,000<br>5,000<br>Carriage Inward<br>Wages<br>29,000<br>Selling and distribution Expanses<br>14,000<br>Sales<br>188,000<br>Sales Returns<br>20,000<br>Closing Stock<br>32,000<br>Depreciation<br>15,000<br>From the above information answer the following questions<br>1. What is the Gross profit ratio?<br>20.23%<br>50%<br>None of them<br>2. What is the Stock turnover Ratl.<br>33.33%<br>

Extracted text: Following are the information extracted from the balance sheet of Sun rise LLC 42,000 Opening Stock Purchases 90,000 5,000 Carriage Inward Wages 29,000 Selling and distribution Expanses 14,000 Sales 188,000 Sales Returns 20,000 Closing Stock 32,000 Depreciation 15,000 From the above information answer the following questions 1. What is the Gross profit ratio? 20.23% 50% None of them 2. What is the Stock turnover Ratl. 33.33%

Jun 02, 2022
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