Using the following information, complete the Balance sheet given below:

Total debt to net worth

1:2

Total assets turnover

2

Gross profits on sales

30%

Avergae collection period

40 days

(Assuming 360 days in a year)

Inventory turnover ratio

3

(based on cost of goods sold and year end inventory)

Acid test ratio

0.75

Balance Sheet

as on March 31, 2016

Liabilities

Amount

Assets

Amount

Equity Share capital

400,000

Plant and machinery

?

Reserves and surplus

600,000

Inventory

?

Current Liabilites

?

Debtors

?

Cash

?

?