If a balance sheet shows owners’ equity at Rs 3,50,000, debt at 3,00,000 and current assets at Rs 4,00,000, find the amount of fixed assets. Calculate funds from operations if pre-tax profit is Rs...

If a balance sheet shows owners’ equity at Rs 3,50,000, debt at 3,00,000 and current assets at Rs 4,00,000, find the amount of fixed assets.

Calculate funds from operations if pre-tax profit is Rs 60,000; tax rate is 30%; depreciation is Rs 10,000 and share issue expenses are Rs 5,000.