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Balance Sheet

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(Querist)
15 November 2008 Would you please solve this question?

From the particulars given below, prepare the Balance Sheet of X Ltd. on 31st March, 2005.
Particular Rs.
Annual Sales 4,00,000
Sales to net worth 4 times
Current liabilities to net worth 50%
Total debts to net worth 80%
Current Ratio 2.2 times
Average collection period 40 days
Fixed assets to net worth 70%.
Assume that all sales are made on credit.
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Deepak Agrawal

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Deepak Agrawal (Expert)
15 November 2008 Assume 360days in year
Debtors: 4 Lacs *40/360

Net worth 1 lacs 400000/4
Debts 80000 (80% of NW)
Current liablities 50000 (50% of NW)
Current ratio 110000 (CL *2.2)
FA: 70000 (70% of NW)
Goahead !!!
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Raj

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Raj (Querist)
15 November 2008 Thank you very much.
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