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The following is the Balance Sheet of New India Ltd; for the year ending 31 March 2021: Liabilities 9% Preference Share Capital Equity Share
The following is the Balance Sheet of New India Ltd; for the year ending 31 March 2021: Liabilities 9% Preference Share Capital Equity Share Capital 8% Debentures Long term loan Bills Payable Sundry Creditors Bank Overdraft Outstanding Expenses Totals Compute the following ratios: Current Ratio i. ii. iii. iv. Acid Test Ratio Absolute Liquid Ratio Debt-Equity Ratio Rs 2,50,000 Goodwill 5,00,000 Land & Building 1,00,000 Plant Assets 50,000 Furniture & Fixture 30,000 Bills Receivables 35,000 Sundry Debtors 15,000 Bank Balance 2,500 9,82,500 Marketable securities Preliminary expenses Stock Totals Rs 50,000 3,25,000 4,00,000 75,000 35,000 45,000 22,500 12,500 2,500 15,000 9,82,500
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