From the following information presented by a firm for the year ended 31st December, prepare the Balance Sheet:   Sales to Net Worth   5 Times   Current Liabilities to Net Worth   50%   Total Debts to Net Worth   60%   Fixed Assets to Net Worth   60%   Current Ratio   2   Sales to Stock   10Times   Debtor's Velocity   9 Times   Annual Sales   Rs. 15,00,000   Cash Sales   40% of Sales

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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From the following information presented by a firm for the year ended 31st December, prepare the Balance Sheet:

 

Sales to Net Worth

 

5 Times

 

Current Liabilities to Net Worth

 

50%

 

Total Debts to Net Worth

 

60%

 

Fixed Assets to Net Worth

 

60%

 

Current Ratio

 

2

 

Sales to Stock

 

10Times

 

Debtor's Velocity

 

9 Times

 

Annual Sales

 

Rs. 15,00,000

 

Cash Sales

 

40% of Sales

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