Smart Trade Ltd. has supplied the following information as stood on 31-03-2018. 8% Debentures Rs. 6,00,000 Suppliers Open Account Rs. 10,00,000 Bills payables Rs. 2,00,000 Bank loan (Short term) Rs. 6,00,000 Bills for expenses Rs. 50,000 Advance Income Rs. 1,00,000 Investments Rs. 8,00,000 Trade Debtors Rs. 8,00,000 Inventory of merchandise Rs. 12,00,000 Bills Receivables Rs. 1,00,000 Advance to suppliers Rs. 2,00,000 Pre-paid insurance Rs. 50,000 Stock of stationery Rs. 10,000 You are required to calculate gross working capital and net working capital. Also analyse the liquidity position with the help of relevant accounting ratios. Additional information: Debentures of Rs. 1,00,000 are redeemable within next three months. Investments of Rs. 2,00,000 will mature in the next month.