2. Extracts from financial accounts of XYZ Ltd are given below: Sales amounted to 3,50,000 in the first year and *300,000 in the second year. You are required to comment on the solvency position of the concern with the help of accounting ratios. Table 25.32: XYZ Ltd Year I Year II Assets Liabilities Assets Liabilities. Stock Debtors 10,000 30.000 20,000 30,000 Payment in advance 2,000 Cash in hand 20,000 15,000 Sundry creditors 25,000 30,000 Acceptances 15,000 12,000 Bank overdraft 5,000 62,000 40,000 65,000 47,000