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Find net credit sales

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Question -

(a) Find current liabilities when current ratio is 2:1 and current assets Rs. 60,000.

(b) Find current assets when current ratio is 4:1 and current liabilities Rs. 40,000.

(c) Find quick assets when quick ratio is 3.5:1 and current liabilities Rs. 60,000.

(d) Find total liabilities when debt ratio is 2:3 and total assets Rs. 600,000.

(e) Find out total capital when equity ratio is 4:6 and the total assets Rs. 800,000.

(f) Find cost of goods sold when inventory turnover is 12 times and average inventory Rs. 70,000.

(g) Find net credit sales when accounts receivable turnover is 8 times and average accounts receivable Rs. 60,000.

(h) Find net sales when gross profit ratio is 1:3 and gross profit Rs. 5,000.

Reference no: EM133016487

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