1.From the following information you are required to prepare a cash Flow statement of XYZ Ltd for the year ended 31st December 2009
|
LIABILITIES
|
2008
|
2009
|
ASSETS
|
2008
|
2009
|
|
Share Capital
|
100000
|
200000
|
Fixed Assets
|
100000
|
200000
|
|
Profit and loss account
|
50000
|
70000
|
Goodwill
|
50000
|
40000
|
|
General reserve
|
30000
|
40000
|
Inventories
|
50000
|
70000
|
|
6% Bonds
|
50000
|
60000
|
Debtors
|
50000
|
80000
|
|
Sundry Creditors
|
30000
|
50000
|
Bills Receivable
|
10000
|
30000
|
|
Outstanding Expenses
|
10000
|
15000
|
Bank
|
10000
|
15000
|
|
|
270000
|
435000
|
|
270000
|
435000
|
2. The Balance Sheet as on 31st December 2009 is as follows:
|
LIABILITIES
|
Amount(Rs)
|
ASSETS
|
Amount(Rs)
|
|
Equity Share Capital
|
2000000
|
Fixed Assets (Net)
|
1700000
|
|
General Reserves
|
200000
|
|
|
|
Secured Loans:
Fixed 300000
|
600000
|
Current Assets:
Stock
|
700000
|
|
Debtors
|
300000
|
|
Cash Credit 300000
|
Loans and Advances
|
700000
|
|
Current Liabilities
|
600000
|
|
|
|
3400000
|
3400000
|
Compute:
i) Debt - Equity ratio
ii) Current Ratio