PROBLEM 5. Following data represents the ratio pertaining to X Co. Ltd. for the year ending 31st March, 2010: Annual Sales *40,00,000 Sales to Net Worth 4 times Current Liabilities to Net Worth 50% Total Debts to Net Worth 80% Current Ratio 2.2 times Sales to Inventory 8 times Average Collection Period Fixed Assets to Net Worth 70% From the above particulars prepare the Balance Sheet of X Co. Ltd. as on 31st March, 2004. Assume that all sales are made on credit. 4 40 days