Q12. The following information has been taken from Park Lane Ltd; Plant & Machinery (Net) Rs. 160,000 Operating Exp (22% of Sales) Land & Building (Net) 140,000 Gross Profit on Sales Accrued Expenses 25,000 Inventory (ending) Retained Earning 50,000 Receivables (ending) Share Capital (15,000 Shares) 150,000 Accounts Payable (ending) General Reserve 60,000 Net profit Prepaid Expenses 16,000 Inventory (Opening) Bank Over Draft 45,000 Receivables (Opening) Cash 10,000 Debentures - 5 Years 120,000 40% 70,000 54,000 30,000 20,000 50,000 56,000 90,000 REQUIRED: a) Plot relevant figures in the Balance Sheet Format. b) Compute following Ratios; 1. Debt Ratio 2. Equity Ratio 3. Current Ratio 4. Quick Ratio 5. Inventory Turnover 6. Receivable Turnover 7. Rate of Net Income on Sale 8. Earning Per Share 9. Price Earning Ratio (If Market Price of each share is Rs12) 10. Total Days Operating Cycle 11. Book Value Per Share