Based on the following information of the financial ratios prepare Balance Sheet of Star Enterprises Ltd as
Question:
Based on the following information of the financial ratios prepare Balance Sheet of Star Enterprises Ltd as of
December 31, 2015. Explain your workings and assumptions:
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Current Ratio 2.5 Liquidity Ratio 1.5 Net Working Capital * 6,00,000 Inventories Tumover Ratio 5 Fixed assets to networth 0.8 Ratio of gross profit to sales 20% Turnover ratio to net fixed assets 2 Average debt collection period 2.4 months Long-term debt to capital and reserve 7/25
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My workings and assumptions are as Current Ratio 25 Current Ratio Current Assets Current Liabilities ...View the full answer
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Shashank Pandey
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Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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