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A companyA company having a net working capital rupees 2.8 lacs ason 31st March 2019 index the following ratios and performance figure current ratio is
A companyA company having a net working capital rupees 2.8 lacs ason 31st March 2019 index the following ratios and performance figure current ratio is equal to 2.4 liquidity ratio 1.6 inventory turnover ratio 8 gross profit on sale 20% credit allowances 1.5 per month the company is fixed asset is equal learnt to 90% of its net worth (share capital + reserve) close while reserve amounted to 40% of Asia capital prepare the balance sheet of the company as on 31st March 2019 showing the necessary calculation
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