(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

Marks-4, CBSE:2022-23/Zone-4/Set-1/Q-33*