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From the following information, you are required to prepair a balance sheets Current ratio 1.75 Quick ratio 1.25 Stock turnover ratio (based on closing stock) 9times Gross profit ratio 25% Average collection period in months 1.5 Ratio of reserve to capital 0.2 Turn over of fixed assets 1.2 Debt - eqt 0.6 Fixed assets to networth 1.25 Sales for the year 2400000 |
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