From the following information pertaining to M/S ABC &co ltd., prepare a treading profit and loss a/C for the year ending 31st March 2012 and summerized Balance Sheet as on that date.

From the following information pertaining to M/S ABC &co ltd., prepare a treading profit and loss a/C for the year ending 31st March 2012 and summerized Balance Sheet as on that date.

Current Ratio – 2.5
Quick Ratio – 1.3
proprietary ratio – 0.06
Gross profit Sales- 10%
Debtors Velocity – 40 days
sales – 273000
Working Capital – 120000
Bank overdraft – 215000
Share Capital – 250000
Closing stock is 10%more then opening stock.
Net profit 10% of proprietary fund

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