Complete the following annual financial statement on the basis of ratios given below: Dr. To Cost of

Complete the following annual financial statement on the basis of ratios given below:

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Dr. To Cost of goods sold To Operating expenses To Eamings before interest and tax To Debenture Interest To Income Tax To Net Profit Particulars Networth Share Capital Reserve and Surplus 10% Debentures Sundry Creditors Liabilities (i) Net Profit to Sales 5% (ii) Current Ratio 1.5 (iii) Retum on Networth 20% Profit and Loss Account for the year ended 30th June, 2016 ₹ 6,00,000 By Sales 10,000 By Eamings before Interest and Tax Balance Sheet as at 30th June, 2016 ₹ 60,000 Particulars Fixed Assets Current Assets: Cash Inventories Debtors Assets ₹ 20,00,000 (iv) Inventory tumover (based on cost of goods sold) 15 times (v) Share capital to reserves 4:1 (vi) Rate of income-tax 50% Cr. ₹ 35,000