Question: Prepare common size statement from the following information: L & T Balance Sheet Fixed Assets Investments Current Assets Stock S. Debtors Pre-paid Expenses Marketable Sec.

Prepare common size statement from the following information:

L & T Balance Sheet Fixed Assets Investments Current Assets Stock S. Debtors Pre-paid Expenses Marketable

Equity Share Capital Preference Share Capital General Reserve Securities Premium Profit and loss Account

Income Statement Net Sales Less: COGS Gross Profit Less: Operating Expenses Operating Profit Less:

L & T Balance Sheet Fixed Assets Investments Current Assets Stock S. Debtors Pre-paid Expenses Marketable Sec. Cash & Bank Balance Loan & Advances Accrued Interest Facts Extracted From Annual Report of L & T Ltd 2007-08 Intangible & Fictitious Assets Miscellaneous Exp. Not written off Total Assets 5805 10056 386 775 6791 21 5054 8264 23834 142 37294 2008-09 4306 7365 183 964 3757 14 3554 6922 16589 92 3 27160

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Interpretation 1 Percentage of fixed assets across the years have remained almost static around 13 2 There has been a marginal change in the ratio of ... View full answer

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