Question
Following are the information extracted from the balance sheet of Grow past LLC Liabilities OMR Assets OMR Equity Share Capital 200,000 Land & Building 250,000
Following are the information extracted from the balance sheet of Grow past LLC
Liabilities | OMR | Assets | OMR |
Equity Share Capital | 200,000 | Land & Building | 250,000 |
Preference Share Capital | 100,000 | Plant & Machinery | 150,000 |
Reserves & Surplus | 150,000 | Furniture & Fittings | 30,000 |
10% Debentures | 120,000 | Investment [Long-term] | 70,000 |
12% long term Loan from NBO | 80,000 | Stock in Trade | 80,000 |
Sundry Creditors | 85,000 | Sundry Debtors | 130,000 |
Bills Payable | 10,000 | Cash in Hand | 70,000 |
Bank Overdraft | 75000 | Bills Receivable | 25,000 |
Outstanding Expenses | 30,000 | Cash at Bank | 45,000 |
Total Liabilities | 850,000 | Total Assets | 850,000 |
From the above information answer the following questions
1. What is the Capital Employed?
OMR 500,000
OMR 650,000
OMR 530,000
OMR 570,000
2. What is the Current Ratio?
2.45%
1.75%
1.75:1
2.45:1
3. What is the Solvency Ratio?
0.55
0.470
0.376
0.2
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