Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

. Liabilities Rs. Assets Rs. Share Capital 40,000 Reserves & Surplus 20,000 Profit 60,000 Current Liabilities 49,000 2 Fixed Assets 60,000 Current Assets: Stock 42,500

image text in transcribed

.

Liabilities Rs. Assets Rs. Share Capital 40,000 Reserves & Surplus 20,000 Profit 60,000 Current Liabilities 49,000 2 Fixed Assets 60,000 Current Assets: Stock 42,500 Debtors 50,000 Bank 16,500 1,69,000 1,69,000 Illustration 6: The Following Data Is Furnished: A) Working Capital Rs.45,000 B) Current Ratio 2.5 C) Liquidity Ratio 1.5 D) Proprietary Ratio - (Fixed Assets To Proprietary Funds) 0.75 E) Overdraft Rs.10,000 F) Retained Earnings Rs.30,000 There Are No Long Term Loans And Fictitious Assets. Find Out: 1) Current Assets 2) Current Liabilities 3) Fixed Assets 4) Quick Assets 5) Quick Liabilities 6) Stock 7) Equity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools For Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Ibrahim M. Aly, Donald E. Kieso

6th Canadian Edition

1119731828, 9781119731825

More Books

Students also viewed these Accounting questions

Question

What are some of the topics they study?

Answered: 1 week ago