Study the balance sheet and answer the following questions below
MAVOKO TRADERS BALANCE SHEET As at 31st Dec 2000 |
Fixed assets | | Capital | 422,930 | |
Premises Furniture Machinery Motor car | 300,000 51,500 140,000 190,000 | (681,500)
| Add Net profit Less drawings | 220,500 (175,000) | 468,450
|
Current Assets | | LTL | |
Stock Debtors Cash at bank Cash at hand | 124,500 103,650 54,850 3,650 | (286,650) | Mortage loan Bank loan | 300,000 100,000 | 400,000 |
968,150
| Current liabilities | |
Creditors | | 99,720 |
968,150 |
- Calculate:
- Working Capital (WC)
- Return on capital (ROC)
- Borrowed capital
- Current ratio
- Quick ratio