Q. 1: Provided below is the year-end balance sheet for ABC corporation. (08 Marks) ABC Corporation Balance Sheet Assets Liabilities and Stockholders' Equity Cash 40,000 A/c Payable ? A/c Receivable Long-Term Debt 200,000 ? Common stock ? Inventory Fixed assets Less: Acc dep. (200,000) Total Assets Retained Earnings 50,000 ? Total Liabilities and Stockholders' Equity ? Calculate missing information in above balance sheet using the following supporting data: a. Accumulated depreciation is 40% of fixed assets cost. b. No. of outstanding shares is 20,000 with par value Rs.10 c. Current ratio is 4.75 and quick ratio is 2.25 while working capital is Rs.150,000. d. Inventory turnover is 3 times and accounts receivable turnover is 10 times while annual sales is Rs.500,000 and cost of goods sold is Rs.300,000. e. Assume that ending inventory and ending receivable amount is equal to average inventory and average receivable