Question: Question 4. (25 marks) Using the following information, complete the Balance sheet given below: Total debt to net worth 1:2 Total assets turnover 2 Gross

Question 4. (25 marks) Using the following information, complete the Balance sheet given below: Total debt to net worth 1:2 Total assets turnover 2 Gross profits on sales 30% Avergae collection period 40 days (Assuming 360 days in a year) Inventory turnover ratio 3 (based on cost of goods sold and year end inventory) Acid test ratio 0.75 Amoun t Balance Sheet as on March 31, 2016 Amoun Liabilities t Assets 400,00 Equity Share capital 0 Plant and machinery 600,00 Reserves and surplus 0 Inventory Current Liabilites ? Debtors Cash

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