Question

81. A company having a net working capital of Rs 2.8 Lakhs as on 30-6-2018 indicates thefollowing financial ratios and performances figures:Current ratio2.4Liquidity ratio1.6Inventory turnover (on cost of sales)Gross profit on sales20%Credit allowed (months)1.5The company's fixed assets is equivalent to 90% of its net-worth (share capital plus reserve)while reserves amounted to 40% of share capital.Prepare the balance sheet of the company as on 30-6-2018 showing step by step calculations.​

Answer 1

Answer:

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