1. From the following information of Axis Limited compute the Replacement Cost Value / Net Substantial Value

Liabilities	Amount	Assets	Amount
Equity Share Capital	12000	Fixed Assets	14100
Preference Share Capital	1100	Inventories	2350
Reserves and Surplus	800	Cash and Bank Balance	1150
Adjustment	1100	Debtors	1300
Long-term Debt	1400
Short-term Deb	800
Creditors	1700
	18,900		18,900

Note : the Answer should be in word Version