Liabilities K Assets K Equity Share Capital 200,000 Machinery 592,000 12% Preference share capital 360,000 Investment 224,000 General Reserve 140,000 Stock 202,000 16% debentures 240,000 Bills Receivable 40 000 Trade payable 244,000 S. Debtors 98 000 Bank overdraft 40 000 Cash and Bank 76 000 Provision for Income Tax 36 000 Profit & Loss A/c 28 000 1,260,000 1,260,000 liquid ratio and interpret it