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From the following data prepare the balance sheet of X Ltd., as on 31st December, 1999. Current ratio 2.5; Quick ratio 1.5; Net working capital
From the following data prepare the balance sheet of X Ltd., as on 31st December, 1999.
Current ratio 2.5;
Quick ratio 1.5;
Net working capital Rs.3,00,000
Gross profi t ratio 20%
Fixed Assets turnover ratio 2 times
Stock turnover ratio (Cost of sales/ Closing stock) 6 times.
Average Collection period 2 months
Super quick ratio .25
Fixed Assets to shareholders equity .8
Reserves and surpluses to share capital .5
Debt equity ratio .2
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