Following is the Balance Sheet of Title Machine Ltd. as on March 31, 2

Following is the Balance Sheet of Title Machine Ltd. as on March 31, 2006. Liabilities Amount Rs Assets Amount Rs Equity Share Capital 24,000 Buildings 45,000 8% Debentures 9,000 Stock 12,000 Profit and Loss 6,000 Debtors 9,000 Bank Overdraft 6,000 Cash in Hand 2,280 Creditor 23,400 Prepaid Expenses 720 Provision for Taxation 600 69,000 69,000 Calculate Current Ratio and Liquid Ratio.

Answer»

Following is the Balance Sheet of Title Machine Ltd. as on March 31, 2006.

Liabilities	Amount Rs	Assets	Amount Rs
Equity Share Capital	24,000	Buildings	45,000
8% Debentures	9,000	Stock	12,000
Profit and Loss	6,000	Debtors	9,000
Bank Overdraft	6,000	Cash in Hand	2,280
Creditor	23,400	Prepaid Expenses	720
Provision for Taxation	600
	69,000		69,000

Calculate Current Ratio and Liquid Ratio.

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