Question: Use the tables below to compute these listed ratios. CURRENT RATIO, ACID RATIO, RECEIVABLE TURNOVER, RECEIVABLE DAYS, INVENTORY TURNOVER RATIO, INVENTORY DAYS, LONGTERM DEBT TO

Use the tables below to compute these listed ratios.

CURRENT RATIO, ACID RATIO, RECEIVABLE TURNOVER, RECEIVABLE DAYS, INVENTORY TURNOVER RATIO, INVENTORY DAYS, LONGTERM DEBT TO TOT. EQUITY, DEBT TO EQUITY RATIO, GROSS PROFIT, NET PROFIT RATIO, RETURN TO EQUITY, RETURN TO TOTAL ASSETS, TOT. ASSET TURNOVER RATIO, CURRENT ASSET TURNOVER RATIO, INTEREST COVERAGE RATIO (Times interest covered), WORKING CAPITAL TURNOVER RATIO, and RETURN ON FIXED ASSETS.

Income statement April 1 to March 31 (Thousands $) 2012-13 2013-14 2014-15
Sales
cash 200 480 800
credit 1800 4320 7200
total sales 2000 4800 8000
cost of goods sold 1240 2832 4800
gross profit 760 1968 3200
operat. Expenes:
General, admin, selling expenses 80 450 1000
Depreciation 100 400 660
interest expenese (borrowings) 60 158 340
Profit b4 tax 520 960 1200
TAx @ 30% 156 288 360
PAT 364 672 840
Balance sheet (Thousands $) 2012-13 2013-14 2014-15
Assets
Fixed (net of depreciation) 1900 2500 4700
Current assets
Cash and cash equivalents 40 100 106
Accounts receivables 300 1500 2100
Inventories 320 1500 2250
Total 2560 5600 9156
Equity & Liabilities
Equity share capital (shares of $10 each) 1200 1600 2000
Reserve & surplus 364 1036 1876
Longterm borrowings 736 1236 2500
Current liabilities 260 1728 2780
Total 2560 5600 9156

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