SECTION D: LONG QUESTIONS (2 QX 4-8 Marks) QI- The following is a Balance Sheet of...

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SECTION D: LONG QUESTIONS (2 QX 4-8 Marks) QI- The following is a Balance Sheet of Nizwa Polychem Products LLC. As on 31st Dec.2018. The Net Sales/Net revenue of the organization for the year were OMR 600,000 Liabilities OMR Assets OMR Share capital 400,000 Land and building 280,000 Net profit 75000 Plant and machinery 700,000 General reserve 80,000 Stock 425,000 Debentures 840,000 Debtors 290,000 Loan 100,000 Prepaid expenses 10,000 Creditors 200,000 Bills receivables 20,000 Bank overdraft 100,000 Cash 80,000 Total 1,805,000 Total 1,805,000 Calculate the following: a. Current ratio (1 Mark) b. Quick ratio (1 Mark) c. Net profit ratio (1 Mark) d. Debt Equity Ratio (1 Mark) SECTION D: LONG QUESTIONS (2 QX 4-8 Marks) QI- The following is a Balance Sheet of Nizwa Polychem Products LLC. As on 31st Dec.2018. The Net Sales/Net revenue of the organization for the year were OMR 600,000 Liabilities OMR Assets OMR Share capital 400,000 Land and building 280,000 Net profit 75000 Plant and machinery 700,000 General reserve 80,000 Stock 425,000 Debentures 840,000 Debtors 290,000 Loan 100,000 Prepaid expenses 10,000 Creditors 200,000 Bills receivables 20,000 Bank overdraft 100,000 Cash 80,000 Total 1,805,000 Total 1,805,000 Calculate the following: a. Current ratio (1 Mark) b. Quick ratio (1 Mark) c. Net profit ratio (1 Mark) d. Debt Equity Ratio (1 Mark)