Homework Help is Here – Start Your Trial Now!
Business
Accounting
From the below Balance Sheet calculate the following ratios (Amount in Lakhs) LIABILITES Amount ASSETS Amount Сapital 18 Net Fixed Assets 15 Reserves Inventories 12 Term Loan 10 Cash Bank C/C Receivables Trade Creditors Goodwill Provisions 3 45 a. Networth of the Company b. Quick Ratio 45 N EN 5

From the below Balance Sheet calculate the following ratios (Amount in Lakhs) LIABILITES Amount ASSETS Amount Сapital 18 Net Fixed Assets 15 Reserves Inventories 12 Term Loan 10 Cash Bank C/C Receivables Trade Creditors Goodwill Provisions 3 45 a. Networth of the Company b. Quick Ratio 45 N EN 5

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Please answer required  a and b

From the below Balance Sheet calculate the following ratios (Amount in Lakhs) LIABILITES Amount ASSETS Amount Capital 18 Net Fixed Assets 15 Reserves 2 Inventories 12 Term Loan 10 Cash Bank C/C 17 Receivables 8 Trade Creditors Goodwill Provisions 3 45 45 a. Networth of the Company b. Quick Ratio 5,
Transcribed Image Text:From the below Balance Sheet calculate the following ratios (Amount in Lakhs) LIABILITES Amount ASSETS Amount Capital 18 Net Fixed Assets 15 Reserves 2 Inventories 12 Term Loan 10 Cash Bank C/C 17 Receivables 8 Trade Creditors Goodwill Provisions 3 45 45 a. Networth of the Company b. Quick Ratio 5,
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS