mustration me following is the Balance Sheet of M/S Yamuna Enterprise for the year ended 31-12-2015: Balance Sheet as on 31st December, 2015 Equity share capital 12% Preference share capital 16% Debentures 18% Public debts Bank overdraft Creditors Liabilities Amount () Assets 1,00,000 Cash in hand Amount R) 2,000 1,00,000 Cash in bank 10,000 40,000 Bills Receivable 30,000 20,000 Investment 20.000 40,000 Debtors 70.000 60,000 Stock 40.000 Outstanding Creditors 7,000 Furniture 30.000 Proposed dividends 10,000 Machinery 1,00,000 1,50,000 Land & Building 2.20.000 Reserves 35,000 20,000 Goodwill Provision for taxation 10,000 20,000 Preliminary expenses Profit & Loss Account 5,67,000 5,67,000 During the year provision for taxation was 720,000. Dividend was proposed at 10,000. Profit carried forward from the last year was 15,000. You are required to calculate: ol Short term solvency ratios, and 6) Long term solvency ratios