A company having a net working capital of Rs 2.8 Lakhs as on 30-6-2018 indicates the
following financial ratios and performances figures:
Current ratio 2.4
Liquidity ratio 1.6
Inventory turnover (on cost of sales) 8
Gross profit on sales 20%
Credit allowed (months) 1.5
The 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.
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