Using the following information, draw up the Balance Sheet given below: Gross Profit (25% of Sales) Rs.

Question:

Using the following information, draw up the Balance Sheet given below:

Gross Profit (25% of Sales) Rs. 1,50,000 Credit Sales to Total Sales 60%

Total Sales/Total Assets 2.5 time Stock Velocity 2 months Debtors Turnover 5 times Quick Ratio 1.1 Equity Share Capital Rs. 1,00,000 Long-term debt equity ratio 60%

BALANCE SHEET Liabilities Rs. Assets Rs.

Equity Share Capital - Fixed Assets -

Long-term Debt - Stock -

Current Liabilities - Debtors -

Cash -

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