(9) BALANCE SHEET AS AT 30/9/2012 Debit side Ordinary - TopicsExpress

(9) BALANCE SHEET AS AT 30/9/2012 Debit side Ordinary share(156,000) Reserve/Net Profit (65883) Long term liability/6% Debenture(45,000) C/L Creditors(34730) Rent(2440)=37170 Total= (298053) Credit Side Fixed assets Premises(127500) Plant & machinery(165900) Less exp (38100) C/A Stock(48219) Debtors(31664) Bank(22890)=162773. Total=298073 (9b) (i.) (C/A-stock)/CL= (102773-48219)/347303=54554:34730/1.57:1 (ii.) Capital emloyed = Total asset-Current Liability =298073-37170=260903 (iii.) Working capital=CA-CL =102773-37170=65603 (iv.) CA:CL=102773:37170= 2.76:1

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