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Answer:
Total assets = total liabilities
= 3000000+1000000+860000+2000000+500000= 7360000
Debt = debentures + loan from bank
= 3000000+1000000
=4000000
Total assets to Debt ratio = Total assets / debt
= 7360000/4000000
= 1.84:1
Explanation:
Balance in statement of profit & loss is not included in total liabilities as it is the part of reserve & surplus
*In question Reserve & surplus balance is givenwhich already included Balance in Statement tof profit & Loss
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