this is my question.. reply to my email if possible the formula for RETURN ON TOTAL RESOURCES.. WHAT I NO IS THAT IT IS SOMETHING DIVIDED BY TOTAL ASSETS X 100.. IF I AM NOT RIGHT CAN SOME HELP ME PLEASE VERY SOON


The following are the summarized profit and loss account of V Ltd for the year ending 31st December, 2005, the balance sheet as on that date. You are required to compute liquidity, Long-term solvency, turnover ratios, and profitability ratios both in relating to capital and sales.

PROFIT AND LOSS ACCOUNT

To Opening Stock 99,500 By Sales 8,50,000
To Purchases 5,45,250 By Closing Stock 1,49,000
To Incidental expenses 14,250
To Gross Profit 3,40,000
9,99,000 9,99,000To
Operating expenses:
Selling and distribution 30,000 By Gross Profit 3,40,000
Administrative expenses 1,50,000 By Non-Operating income interest 3,000
Finance 15,000 By profit on sale of shares 6,000
To Non-operating expenses:
Loss on sales of assets 4,000
To net Profit 1,50,000
3,49,000 3,49,000



Rs. Rs.
Issued capital:
200 equity shares of
Rs. 100 each 2,00,000 Land &buildings 1,50,000
Reserves 90,000 Plant & Machinery 80,000
Current liabilities 1,30,000 Stock-in-Trade 1,49,000
Profit and loss account 60,000 Sundry Debtors 71,000
Cash and bank balance 30,000
4,80,000 4,80,000
From the above statement you are required to calculate the following ratios :
Return on total resources

Return on total resources(assets) = Net sales/ Total assets

= 850,000 / (150,000+ 80,000+ 149,000+ 71,000+ 30,000)
= 850,000/480,000
= 1.77

Since the original poster has never learned this math lesson -- are you willing to do them all for them?
Please read this https://www.askmehelpdesk.com/math-s...uncements.html -- Savage

hey hey der u the savage!!

I hv read that announcement... besides my sum doesn't jusk ask for the rate of retrun on resources... there are 4 more ratios that they asked for which I had the answer... operatin ratio, current ratio, stockturnover & fixed assets turnover. For which I got all the answers correcly... but I had a sum in my reader which just had the questions & it just told me the final answers... well I knew 4 out of 5.. & the answer for return on resources was given as 41.4% & I figuring out how to get to that answer... I had just done what THE PHANTOM formula before even posting this question into this site... I got that same answer but my text book says 41.4%... so tell me whether I am transferring my homework to the site... also when I signed into this site... I first read & agreed to the annuncement for homeworks!!
now anyone can help me again please

thanks phantom 4 your answer... I was thinking whether it is net proft / total assets x 100