Calculate the following ratios from the balance sheet given below: i. Debt Equity Ratio ii. Quick...

  

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Calculate the following ratios from the balance sheet given below: i. Debt Equity Ratio ii. Quick Ratio iii. Fixed Assets to Current Assets iv. Fixed Assets Turnover Balance Sheet Liabilities $ Assets Equity shares of $10 each 1,00,000 Goodwill 60,000 Reserves 20,000 Fixed Assets 140,000 P.L. A/C 30,000 Stock 30,000 Secured loan 80,000 Sundry Debtors 30,000 Sundry creditors 50,000 Advances 10,000 Provision for taxation 20,000 Cash Balance 10,000 300,000 300,000 The sales for the year were $5,60,000. Calculate the following ratios from the balance sheet given below: i. Debt Equity Ratio ii. Quick Ratio iii. Fixed Assets to Current Assets iv. Fixed Assets Turnover Balance Sheet Liabilities $ Assets Equity shares of $10 each 1,00,000 Goodwill 60,000 Reserves 20,000 Fixed Assets 140,000 P.L. A/C 30,000 Stock 30,000 Secured loan 80,000 Sundry Debtors 30,000 Sundry creditors 50,000 Advances 10,000 Provision for taxation 20,000 Cash Balance 10,000 300,000 300,000 The sales for the year were $5,60,000.