Please solve this problem
This query is : Resolved
24 February 2009
From the following figures and ratios, draw out a Balance Sheet
1)Fixed Assets/Turnover Ration (Cost of Goods Sold) 2
2)Debt Collection Period 2 months
3)Current Ratio 1.5
4)Debt Equity Ratio (Total Debt/Equity) 0.6
5)Current Liabilities to Net Worth 0.8
6)Reserves to Bank Balance 4
7)Consumption of Raw Materials 40% of Cost of sales
8)Stock of Raw Materials 3 months’ consumption
9)Stock of Finished Goods 15% of Cost of Sales
10)Bank Balance 1/30th of Sales
11)Fixed Assets Rs. 6,00,000
12)Gross Profit 1/5th of Sales
1)Fixed Assets/Turnover Ration (Cost of Goods Sold) 2
2)Debt Collection Period 2 months
3)Current Ratio 1.5
4)Debt Equity Ratio (Total Debt/Equity) 0.6
5)Current Liabilities to Net Worth 0.8
6)Reserves to Bank Balance 4
7)Consumption of Raw Materials 40% of Cost of sales
8)Stock of Raw Materials 3 months’ consumption
9)Stock of Finished Goods 15% of Cost of Sales
10)Bank Balance 1/30th of Sales
11)Fixed Assets Rs. 6,00,000
12)Gross Profit 1/5th of Sales
27 September 2009
If this query is still pending then please post it again by updating......Good wishes.....or you can also send me a PM.
27 September 2009
If this query is still pending then please post it again by updating......Good wishes.....or you can also send me a PM.
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