Question: i) M/s Margo & Co. provides you its given Balance sheet as on dated 31st March, 2022. 7 Share capital = Rs. 42,000 Fixed

i) M/s Margo & Co. provides you its given Balance sheet as

i) M/s Margo & Co. provides you its given Balance sheet as on dated 31st March, 2022. 7 Share capital = Rs. 42,000 Fixed Assets Net = Rs. 34,000 Reserve = Rs. 3,000; Stock = Rs. 12,400 Debtors= Rs. 6,400; Bank overdraft = Rs. 4,000 Cash = Rs. 13,200; Sundry creditors = Rs. 12,000, Annual Profit = Rs. 5,000 From the above, determine current asset ratio. ii) Assume that on 31st March 2022, a company has Credit sales = Rs. 1,50,000; Opening receivables = Rs. 15,000 and Closing receivables = Rs. 25,000. Calculate its Debtors Turnover Ratio?

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