Balance Sheet As On ... Liabilities Rs. Assets Rs. Share Capital 40,000 Fixed Assets 60,000 Reserves & Surplus 20,000 Current Assets: Profit 60,000 Stock 42,500 Current Liabilities 49,000 Debtors 50,000 Bank 16,500 1,69,000 1,69,000 Illustration 6: The Following Data Is Furnished: A) Working Capital Rs.45,000 B) Current Ratio 2.5 C) Liquidity Ratio 1.5 D) Proprietary Ratio - (Fixed Assets To Proprietary Funds) 0.75 E) Overdraft Rs.10,000 F) Retained Earnings Rs.30,000 There Are No Long Term Loans And Fictitious Assets. Find Out: 1) Current Assets 2) Current Liabilities 3) Fixed Assets 4) Quick Assets 5) Quick Liabilities 6) Stock 7) Equity
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1) Current Assets: Current Assets = Stock + Debtors + Bank Current Assets = 42,500 + 50,000 + 16,500 Current Assets = 109,000 Show more…
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