The following figures and ratios are related to a company: Credit sales for the year- ₹ 30,00,000 Gross Profit ratio- 25% Fixed Assets turnover (based on cost of goods sold)- 1.5 Stock turnover (based on cost of goods sold)- 6 Quick Ratio- 1:1 Current ratio- 1.5:1 Debtors collection period- 2 months Reserve and surplus to share capital- 0.6:1 Capital Gearing ratio- 0.5 Fixed assets to net worth- 1.20 :1 You are required to prepare balance sheet of the company on the basis of above details.
The following figures and ratios are related to a company: Credit sales for the year- ₹ 30,00,000 Gross Profit ratio- 25% Fixed Assets turnover (based on cost of goods sold)- 1.5 Stock turnover (based on cost of goods sold)- 6 Quick Ratio- 1:1 Current ratio- 1.5:1 Debtors collection period- 2 months Reserve and surplus to share capital- 0.6:1 Capital Gearing ratio- 0.5 Fixed assets to net worth- 1.20 :1 You are required to prepare balance sheet of the company on the basis of above details.
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
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The following figures and ratios are related to a company:
- Credit sales for the year- ₹ 30,00,000
- Gross Profit ratio- 25%
- Fixed Assets turnover (based on cost of goods sold)- 1.5
- Stock turnover (based on cost of goods sold)- 6
- Quick Ratio- 1:1
Current ratio - 1.5:1- Debtors collection period- 2 months
- Reserve and surplus to share capital- 0.6:1
- Capital Gearing ratio- 0.5
- Fixed assets to net worth- 1.20 :1
You are required to prepare balance sheet of the company on the basis of above details.
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