From the following particulars, prepare the balance sheet of Dhan Dhanya Ltd. :
Current ratio 2
Working capital 4,00,000
Capital block (employed) to current asset 3:2
Fixed assets to turnover 1:3
Cash sales/credit sales 1:2
Debentures/share capital 1:2
Stock velocity 2 months
Creditors velocity 2 months
Debtors velocity 3 months
Gross profit ratio 25% (to sales)
Net profit 10% of turnover
Reserve 2.5% of turnover
Please tell me the solution
CAclubindia
