5. From the following particulars, prepare the Balance sheet of KASIMLtd. on 31st March 2007.
Annual sales Rs. 1,40,000
Sales to network 4 times
Current Liabilities to Net Worth 50 %
Current Liabilities to Net worth 80 %
Sales to inventory 8 times
Average collection period 40 days
Fixed assets to Net worth 70 %
Assume that all sales are made on credit.

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