Particulars | Note No. | 31st March, 2017 Amt (Rs.) | |
I. | EQUITY AND LIABILITIES | ||
1. Shareholders' Funds | |||
(a) Share Capital | 96,000 | ||
(b) Reserves and Surplus | 24,000 | ||
2. Non-current Liabilities | |||
Long-term Borrowings : 10% Debentures | 60,000 | ||
3. Current Liabilities | |||
(a) Trade Payables | 93,600 | ||
(b) Short-term Provisions | 2,400 | ||
Total | 2,76,000 | ||
II. | ASSETS | ||
1. Non-current Assets | |||
Fixed Assets | |||
(i) Tangible | 1,80,000 | ||
2. Current Assets | |||
(a) Inventories | 48,000 | ||
(b) Trade Receivables | 36,000 | ||
(c) Cash and Cash Equivalents | 9,120 | ||
(d) Other Current Assets: Prepaid Expenses | 2,880 | ||
Total | 2,76,000 |
(i) Current ratio |
(ii) Liquid ratio |
Answer:
Current ratio = 1 : 1, Liquid ratio = 0.47 : 1
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