Q. 8 Balance sheet of PQR itd is given to you: Liabilities Amt (rs) Assets Amt () Equity Capital 400000 Goodwill 200000 Reserve Fund 280000 Land 400000 8% Debentures 300000 Plant 350000 Mortgage loan 258000 Patent 50000 Creditors 70000 Stock 200000 Bills payable 35000 Debtors 80000 Bank overdraft 60000 Bills receivables 90000 Outstanding expenses 15000 Marketable securities 20000 Tax liabilities* 20000 Cash 45000 Prepaid expenses 3000 1438000 1438000 *due in one year time Sales and purchases for the year were 600000 and 405000 respectively. Calculate the following ratios and provide your interpretation (e.gif current ratio is 3:1 what does that mean for PQR ltd) of results: 1. Current ratio 2. Stock turnover ratio (Inventory TR) 3. Debtors turnover ratio 4. Debt to equity ratio