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From the following ratios of Reliance Ltd, complete the financial statement of Reliance Ltd. Total asset turnover ratio- 0.4 , Fixed asset turnover ratio 0.625,

From the following ratios of Reliance Ltd, complete the financial statement of Reliance Ltd.

Total asset turnover ratio- 0.4 , Fixed asset turnover ratio 0.625, Current ratio- 1.4 times, Quick ratio-1.2 times, return on equity- 11%, Interest coverage ratio- 3.75 times, return on capital employed -15%, inventory turnover ratio 6.5 times, and the average collection period is 91.25 days.

Income statement

Amount. (Rs.)

Sales

10,00,000

Less: Cost of Goods Sold

Gross Profit

Less: Operating Expenses

EBIT

Interest

Profit before tax

Tax ( @40%)

Profit after Tax

Liabilities

Amount

Assets

Amount

Equity share capital

Fixed Assets

Investments

Debentures(@10% p.a)

Current Assets

Cash

Accounts Payable

5,00,000

Debtors

Inventory

Loans and Advances 2,50,000

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