Problem 3.Calculate the following ratios from the balance sheet given below : (i) Debt - Equity Ratio(ii) Liquidity Ratio (iii) Fixed Assets to Current Assets(iv) Fixed Assets Turnover Balance Sheet Liabilities$Assets$ Equity shares of $ 10 each1,00,000Goodwill60000 Reserves20,000Fixed Assets140000 P.L. A/c30,000Stock30000 Secured loan80,000Sundry Debtors30000 Sundry creditors50,000Advances10000 Provision for taxation20,000Cash Balance10000 3,00,000300000 The sales for the year were $ 5,60,000.