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 |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
