Q3. The following details have been given to you for Reckless Ltd. for two years. You are required to find out the Fixed Asset Turnover Ratio and comment on its importance. Give your views about Reckless Ltd based on the above ratio. Particulars 2019 (RS.) 2020 (Rs.) Fixed Assets at written down value 1,50,000 3,00,000 Sales less Returns 6,00,000 8,00,000 (b). Explain the various Short Term Solvency Ratios and their significance stating examples. Do you agree with the concept of Ideal Ratio. (5+5 marks)