Question

From the following details, prepare a Balance sheet for Moon Ltd.
a). Current ratio is 1.75 times
b). Liquid ratio is 1.25 times
c). Stock turnover Ratio (Closing Stock) is 9 times
d). Gross profit ratio is 25%
e), debt collection period is 1.5 months
1). Reserves to capital is 0.2
g). Turnover to fixed assets is 1.2 times
h). Capital gearing ratio is 0.6
i). Fixed assets to net worth is 1.25 times
Sales for the year is Rs. 12,00,000
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Answer 1

Explanation:

dedt collection period is 1.5 months