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Q37. The following Balance Sheet data is presented by Hi Noon Ltd. having some missing figures. Cash ? Current Liabilities 50,000 Accounts Receivable ? Non-Current

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Q37. The following Balance Sheet data is presented by Hi Noon Ltd. having some missing figures. Cash ? Current Liabilities 50,000 Accounts Receivable ? Non-Current Liabilities ? Merchandise ? Total Liabilities ? Current Assets ? Fixed Assets ? Shareholder's Equity 120,000 Total Assets ? Total Equities 2 Other Information: Equity Ratio= 0.48:1, Current Ratio = 2:1, Inventory TO = 6 times, Receivable TO - 10 times, COGS Rs300,000, Credit Sales Rs400,000 REQUIRED: Compute these missing figures and prepare the Balance Sheet

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