Balance Sheet had the following amounts as at 31st March 2023: 10% Preference Share Capital 5,00,000 Equity Share Capital 15,00,000
Balance Sheet had the following amounts as at 31st March 2023:
| 10% Preference Share Capital | 5,00,000 |
| Equity Share Capital | 15,00,000 |
| Securities Premium Reserve | 1,00,000 |
| Reserves and Surplus | 4,00,000 |
| Long-term Loan from IDBI @ 9% | 30,00,000 |
| Current Assets | 12,00,000 |
| Current Liabilities | 8,00,000 |
| Investments (in other companies) | 2,00,000 |
| Property, Plant and Equipment – Cost | 60,00,000 |
| Depreciation Written off | 14,00,000 |
Calculate ratios indicating the Long-term and the Short-term financial position of the company.
[Ans.: Debt to Equity Ratio = 1.25 : 1; Current Ratio = 1.5 : 1.]
Anurag Pathak Changed status to publish August 14, 2023
