Prepare the Balance Sheet of Y Ltd. from the following details:

Gross Profit Ratio 40%

Stock turnover ratio 8 Capital turnover ratio 2 Fixed Assets turnover ratio 6 Debtors Velocity 3 months Creditors Velocity 4 months Gross Profit amounted to Rs. 2,56,000. Closing Stock was Rs. 6,000 less than the opening stock. Bills Receivable amounted to Rs. 10,000 and Bills Payable amounted to Rs.
6,000. You are further informed that there is no long-term loan. Reserves and surplus amount to Rs. 32,000.

22 Draw up a balance sheet by using the following particulars:
Current Ratio 2.5 Quick Ratio .9 Working Capital Rs.90,000 Stock Velocity 3 months Gross Profit Ratio 25%
Fixed Assets Turnover Ratio 3 times Debtors Velocity 1 month Fixed Assets to Shareholder’s net worth 0.80 Reserve and Surplus to Capital 0.60