Rs. (b) From the following Profit & Loss Account and Balance Sheet of S Limited, calculate following Ratios 07 (1) Current Ratio (2) Liquid Ratio (3) Debt Equity Ratio (4) Proprietary Ratio (5) Gross Profit Ratio (6) Net Profit Ratio (7) Stock turnover. Profit & Loss Account for the year 31.03.2016 Particulars Rs Particulars To Opening Stock 90.000 By Sales 9,00,000 To Purchases 5,60,000 By Closing Stock 90,000 To Wages 2,14,000 To Gross Profit 1,26,000 9,90,000 9,90,000 To Salaries 16,000 To Gross Profit 1,26,000 To Electricity 10,000 http://www.gujaratstudy.com http://www.gujaratstudy.com To Misc. Expenses To Depreciation To Net Profit 10,000 30,000 60,000 1,26,000 TUIL 1,26,000 Assets Balance Sheet as on 31.03.2016 Liabilities Equity Share Capital Reserves and Surplus Secured Loans Creditors Rs. 1,80,000 1,20,000 2,10,000 90.000 6,00,000 Fixed Assets Stock Debtors Cash Rs. 3,90,000 90,000 1,05,000 15,000 6,00,000