Vijay, Vikram and Vinay started a limited liability company with a total share capital of Rs 60,000 as equal shareholders. Initially, they contributed capital as follows: Vijay, Rs 20,000; Vikram Rs 15,000 and Vinay, Rs 12,000. After one year, the company's assets are Rs 100,000 and payables to its suppliers are Rs 70,000. The shareholders' personal assets are as follows: Vijay, Rs 30,000; Vikram, Rs 5,000; Vinay, Rs 2,000. If the company intends to raise further capital.

How much maximum can the company expect to receive from them?

Answer rating: 100% (QA)

The current total equity in the company is the difference between its assets and liabilities Total E... View the full answer