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Q1. The summarized balance sheet of C.B. Ltd. on March 31, 2022 is provided below: Liabilities Amount (Rs) Assets Amount (Rs) Equity capital 2,00,000 Fixed

Q1. The summarized balance sheet of C.B. Ltd. on March 31, 2022 is provided below:

Liabilities

Amount (Rs)

Assets

Amount (Rs)

Equity capital

2,00,000

Fixed assets

1,40,000

Reserves and surplus

30,000

Cash

12,000

Sundry creditors

70,000

Debtors

93,000

Inventories

55,000

3,00,000

3,00,000

Other information:

Sales 2,60,000

(-) Cost of goods sold (1,80,000)

Gross profit 80,000

(-) Administration and other expenses (62,500)

Net profit 17,500

You are required to compute the following ratios:

Current ratio

Quick ratio

Inventory turnover ratio

Debtors turnover ratio

Net profit ratio

Sales to total asset ratio

Note: Proper calculations are required in all ratios, and you can make the necessary assumptions.

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