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Can I please get a detailed answer with clear explanation with the following question: Following is the Balance sheet of Jagdish Enterprise for the year
Can I please get a detailed answer with clear explanation with the following question:
Following is the Balance sheet of Jagdish Enterprise for the year ended 31st March, 2022:
You are required to calculate Current Ratio, Quick ratio, Debt equity Ratio, Proprietary ratio & interpret on it.
\begin{tabular}{l|l|l|l} \hline Liabilities & Rs & Assets & Rs \\ \hline Equity share capital & 400000 & Plant \& Machinery & 500000 \\ \hline General Reserve & 200000 & Land \& Building & 250000 \\ \hline 8% Debentures & 200000 & Furniture & 50000 \\ \hline Creditors & 100000 & Stock & 10000 \\ \hline Bank Overdraft & 50000 & Debtors & 100000 \\ \hline & & Cash in hand & 40000 \\ \hline Total & 950000 & Total & 950000 \\ \hline \end{tabular}Step by Step Solution
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