1,60,000 4,00,000 3,20,000 21,60,000 10,000 30,50,000 The financial statements of a company contain the following information for the year ending 31st March, 2014: Particulars Cash Sundry Debtors Short-term investment Stock Prepaid Expenses Total Current Assets Current Liabilities 10,00,000 10% Debentures 16,00,000 Equity Share Capital 20,00,000 Retained Earnings 8,00,000 Statement of Profit for the year ended 31st March, 2014 SC Sales (20% cash sales) 40,00,000 Less: Cost of goods sold 28,00,000 Profit before Interest & Tax Less: Interest Profit before tax Less: Tax 30% Profit Affer Tax You are required to calculate: 1) Quick Ratio i) Debt-equity Ratio iii) Average collection period (Assuming 360 days in a year). 12,00,000 1,60,000 10,40,000 3,12,000 7,28,000