The following is the Balance Sheet of a company as on 31st March: Liabilities Rs. Assets Rs. Land and Buildings Plant and Machinery 1,40,000 3,50,000 2,00,000 1,00,000 10,000 40,000 8,40,000 Share Capital 2,00,000 30,000 40,000 4,20,000 1,00,000 50,000 8,40,000 Profit & Loss Account General Reserve Stock Sundry Debtors Bills Receivable 12% Debentures Sundry Creditors Bills Payable Cash at Bank Calculate : (1) Current Ratio (2) Quick Ratio (3) Inventory to working Capital (4) Debt to Equity Ratio (5) Proprietary Ratio (6) Capital Gearing Ratio (7) Current Assets to Fixed Assets

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A: Balance sheet is the statement which shows the financial position of the company at any particular…

Q: The assets and liabilities of Thompson Computer Services at March 31, the end of the current year,…

A: Net Income = Total revenue - Total expenses Retained earnings , ending balance = Retained earnings…

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Q: The assets and liabilities of Thompson Computer Services at March 31, the end of the current year,…

A: Retained earning means amount of profit remain after all the adjustment of expense and adjustments.…

Q: The assets and liabilities of Thompson Computer Services at March 31, the end of the current year,…

A:

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A: Assets = $80,000 Liabilities = $36,000 Retained earnings = $12,000

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A:

Q: The assets and liabilities of Thompson Computer Services at March 31, the end of the current year,…

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A: Basic accounting equation is Total assets = Total liabilities + Stockholders equity

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A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

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A: Since there is no information given regarding the method, therefore, the indirect method is used.

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A: Common shares=Par value×Number of shares=$1×2,000=$2,000

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