5. The Components of Current Assets of a Berojgar limited includes Stock, Debtors and Cash Balance only. Expected Sales (20% Cash) at a Profit of 20% on Cost: Rs. 9,00,000 The Company intends to maintain a Cash Balance equal to 720 hours Cash Sales. Find out the Cash Balance: A. Rs. 10,000 B. Rs. 24,000 C. Rs. 15,000 D. None of the above
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Current Assets = Trade Receivables + Pre-paid Expenses + Cash and Cash Equivalents +
Marketable Securities + Inventories
= Rs 1,80,000 + Rs 40,000 + Rs 50,000 + 50,000 + 80,000 = Rs 4,00,000
Current Liabilities = Bills Payable + Sundry Creditors + Expenses Payable
= Rs 20,000 + Rs 1,00,000 + Rs 80,000 = Rs 2,00,000
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