The Balance Sheet of Punjab Auto Limited as on 31‐12‐2002 was as follows: Particulars Amount(Rs.) Particulars Amount(Rs.) Equity Share Capital Capital Reserve 8% Loan on Mortgage Creditors Bank overdraft Taxation: Current Future Profit and Loss A/c 40,000 8,000 32,000 16,000 4,000 4,000 4,000 12,000 Plant and Machinery Land and Buildings Furniture & Fixtures Stock Debtors Investments (Short‐ term) Cash in hand 24,000 40,000 16,000 12,000 12,000 4,000 12,000 1,20,000 1,20,000 From the above, compute (a) the Current Ratio, (b) Quick Ratio, (c) Debt‐Equity Ratio

The Balance Sheet of Punjab Auto Limited as on 31‐12‐2002 was as follows: Particulars Amount(Rs.) Particulars Amount(Rs.) Equity Share Capital Capital Reserve 8% Loan on Mortgage Creditors Bank overdraft Taxation: Current Future Profit and Loss A/c 40,000 8,000 32,000 16,000 4,000 4,000 4,000 12,000 Plant and Machinery Land and Buildings Furniture & Fixtures Stock Debtors Investments (Short‐ term) Cash in hand 24,000 40,000 16,000 12,000 12,000 4,000 12,000 1,20,000 1,20,000 From the above, compute (a) the Current Ratio, (b) Quick Ratio, (c) Debt‐Equity Ratio

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.10P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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