From the following particulars, prepare the balance sheet of Shri Mohan Ram and Co. Ltd as at March 31, current year.Current ratio, 2Stock Holding Period, 2 monthsWorking Capital (CA-CL), Rs. 4,00,000Creditors payment period, 2 monthsLong term debt to current asset, 3:2Average collection period, 2 monthsFixed asset to sales, 1:3Gross profit ratio, 25 per cent (to sales)Sales (cash/credit), 1:2Debentures/share capital, 1:2Capital block: Net profit, 10 per cent of sales Reserve, 2.5 per cent of sales
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