Calculate the following ratios:
1)debt equity ratio
2) liquidity ratio
3)fixed asset to current ratio
Liabilities:
Equity shares of Rs.10 each -2,40,000
Reserves - 40,000
Profit and loss a/c - 60,000
Secured loan - 1,60,000
Creditors - 1,00,000
Provision for tax - 40,000
Assets:
Goodwill- 1,20,000
Fixed asset(at cost) - 2,80,000
Stock- 60,000
Debtor - 60,000
Advances - 20,000
Cash - 60,000