The assets of ABC Limited consists of fixed and current while its current liabilities comprise bank credit and trade credit in the ratio of 3:1. From the following figures relating to the company for the year.2015. Share capital Working capital A Gross profit Stock turnover-sale drob Average collection period - Current ratio- Quick ratio - Reserves and surplus to cash Current Af Required: Rs. 299,500 90,000 25% 8 1.5 months. 2.5 1.5 4.5

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The assets of ABC Limited consists of fixed and current while its current liabilities
comprise bank credit and trade credit in the ratio of 3:1. From the following figures
relating to the company for the year.2015.
Share capital
Working capital A
Gross profit
Stock turnover-oh
Average collection period
Current ratio
Quick ratio
-
Reserves and surplus to cash
Current Assal chat
Rs.299,500
90,000
25%
Required:
Prepare its balance sheet showing the details for working:
8
1.5 months
2.5
1.5
4.5
Page 1 of 3
Transcribed Image Text:The assets of ABC Limited consists of fixed and current while its current liabilities comprise bank credit and trade credit in the ratio of 3:1. From the following figures relating to the company for the year.2015. Share capital Working capital A Gross profit Stock turnover-oh Average collection period Current ratio Quick ratio - Reserves and surplus to cash Current Assal chat Rs.299,500 90,000 25% Required: Prepare its balance sheet showing the details for working: 8 1.5 months 2.5 1.5 4.5 Page 1 of 3
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