Prepare balance sheet from the following particulars : Current ratio 2.5, Acid test ratio 1.5, Working capital 3,00,000, Cash is equal to 50% of Bills receivable, Bills receivable amount is equal to the amount of Debtors. Current assets include stock, debtors, bills receivable and cash only. Current liabilities include creditors and bills payable only, in the ratio of 3:2. Fixed assets are 60% of Shareholders\' funds. Reserves and surplus are 50,000. The are no long-

term loans or investments.