a) Calculate Financial Ratios (any 12 ratios) of year 2014 and 2013 on the basis of the Balance sheet and Income Statement? 

b) Using Common size and Index analysis, Evaluate the company's financial condition and performance over the last two years. Are there any problems?

Transcribed Image Text:

PROFIT AND LOSS ACCOUNT for the year ended June 30, 2014 Rupees Sales-net Less: Cost of sales GROSS PROFIT Less: Distribution cost Administrative expenses Loss on de-recognition of available for sale investments Workers profit participation fund Add: Other income PROFIT FROM OPERATIONS Less: Finance cost PROFIT BEFORE TAXATION Taxation-net PROFIT AFTER TAXATION EARNING PER SHARE-BASIC & DILUTED Note 39 24 25 24 26 27 28 29 30 31 2014 5,857,176,563 5,131,793,211 725,383,352 10,678,119 81,648,797 561,600 20,927,908 113,816,424 3,663,214 615,230,142 217,599,894 397,630,248 6,770,389 390,859,859 4.76 2013 Restated 3,928,513,675 3,553,973,719 374,539,956 19,396,763 77,675,389 6,161,494 103,233,646 5,529,415 276,835,725 152,270,740 124,564,985 (3,095,976) 127,660,961 1.72 PROFIT AND LOSS ACCOUNT for the year ended June 30, 2014 Rupees Sales-net Less: Cost of sales GROSS PROFIT Less: Distribution cost Administrative expenses Loss on de-recognition of available for sale investments Workers profit participation fund Add: Other income PROFIT FROM OPERATIONS Less: Finance cost PROFIT BEFORE TAXATION Taxation-net PROFIT AFTER TAXATION EARNING PER SHARE-BASIC & DILUTED Note 39 24 25 24 26 27 28 29 30 31 2014 5,857,176,563 5,131,793,211 725,383,352 10,678,119 81,648,797 561,600 20,927,908 113,816,424 3,663,214 615,230,142 217,599,894 397,630,248 6,770,389 390,859,859 4.76 2013 Restated 3,928,513,675 3,553,973,719 374,539,956 19,396,763 77,675,389 6,161,494 103,233,646 5,529,415 276,835,725 152,270,740 124,564,985 (3,095,976) 127,660,961 1.72