(a) Y Ltd. has a Current Ratio of 3.5 : 1 and Quick Ratio of 2 : 1. If excess of current assets over quick assets represented by inventory is ₹48,000, calculate current assets and current liabilities.
(b) Calculate Debt to Equity Ratio:
Shareholder Funds ₹2,00,000
Reserves and Surplus ₹1,00,000
Total Debt ₹4,00,000
Current Liabilities ₹1,00,000