Question: Prepare the balance sheet from below information. Current Ratio 2.5 times Working Capital 300,000 Liquidity Ratio 1.5 times Stock turn Over Ratio 6 GP Ratio

Prepare the balance sheet from below information.
Current Ratio 2.5 times
Working Capital 300,000
Liquidity Ratio 1.5 times
Stock turn Over Ratio 6
GP Ratio 20%

Receivable T/o in days 2 months
Share Holder Equity 50,000
Reserves 250,000
Fixed Asset T/O (COGS) 2

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