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    hvinod007's Avatar
    hvinod007 Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Feb 24, 2010, 12:53 AM
    Balance sheet from trial balance
    From the following particulars prepare Balance Sheet of M/s Ram & Sons

    Current Ratio 2
    Working Capital 800000
    Capital Block to Current Assets 04:02
    Fixed Assets to Turnover 01:02
    Sales Cash / Credit 2 Months
    Stock Velocity 2 Months
    Creditors Velocity 3 Months
    Debtors Velocity 4 Months
    Capital Block:
    Net Profit 12% of Turnover.
    Debentures / Share Capital
    Gross Profit Ratio 30% of Sales
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    Feb 24, 2010, 12:45 PM

    Please see the guidelines for posting homework:
    https://www.askmehelpdesk.com/financ...-b-u-font.html

    I'm not familiar with some of those ratios but the general way to solve stuff like this is to write down all of the equations involved. Then plug in the numbers you have, including answers to equations. Work towards what you don't have, which requires working backwards and sometimes maybe some basic algebra. Your accounting equation can come in handy as well.
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