as at ......... ILLUSTRATION 10 From the given Balance sheet of Shaun Ltd as at 315 December 2010, calculate Liquid Ratio. BALANCE SHEET ............. Liabilities $ Assets $ Sundry Creditors 9,360 Cash at Bank 912 Provision for Taxation 240 Prepaid Expenses 288 10% Debentures 6,000 Sundry Debtors 3,600 Profit and Loss A/C 2,400 Stock 4,800 Equity Share Capital Machinery and Equip 18,000 960 shares of Rs.10 each (fully paid) 9,600 27,600 27,600