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5 Jul 2011 01:00:50 IST
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Q.The assets of ABC ltd.consists of fixed assets & current aassets while its current liabilities comprise bank credit & trade credit in the ratio of 2:1.The following figures & ratios relating to the co. for the year ended Dec.2010 are aavailable:Share Capital Rs. 199500working capital Rs. 45000gross profit 20%stock turnover 6average collection period (2 months)current ratio 1.5quick ratio 0.9reserve & surplus to cash 3Required: Balance sheet with computations.
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