Question 2 Find out the average capital employed of ND Ltd. from its summarized Balance Sheet...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Question 2 Find out the average capital employed of ND Ltd. from its summarized Balance Sheet as at 31st March, 2017: Liabilities Share Capital: Equity shares of ₹ 10 each 9% Preference shares fully paid up Reserve and Surplus: General reserve Profit and Loss Secured loans: 16% Debentures 16% Term loan Cash credit Trade Payables Provision for taxation Dividend payable on: Equity shares Preference shares (in lakhs) Assets Fixed Assets: 50.00 Land and buildings 10.00 Plant and machinery Furniture and fixture 12.00 Vehicles 19.50 Investments Inventory 5.00 Trade Receivables 18.00 Cash and bank 13.30 2.70 6.40 10.00 0.90 147.80 Non-trade investments were 20% of the total investments. Balances as on 1.4.2016 to the following accounts were: Profit and Loss account 8.20 lakhs, General reserve 6.50 lakhs. (in lakhs) 25.00 80.25 5.50 5.00 10.00 6.75 4.90 10.40 147.80 Question 2 Find out the average capital employed of ND Ltd. from its summarized Balance Sheet as at 31st March, 2017: Liabilities Share Capital: Equity shares of ₹ 10 each 9% Preference shares fully paid up Reserve and Surplus: General reserve Profit and Loss Secured loans: 16% Debentures 16% Term loan Cash credit Trade Payables Provision for taxation Dividend payable on: Equity shares Preference shares (in lakhs) Assets Fixed Assets: 50.00 Land and buildings 10.00 Plant and machinery Furniture and fixture 12.00 Vehicles 19.50 Investments Inventory 5.00 Trade Receivables 18.00 Cash and bank 13.30 2.70 6.40 10.00 0.90 147.80 Non-trade investments were 20% of the total investments. Balances as on 1.4.2016 to the following accounts were: Profit and Loss account 8.20 lakhs, General reserve 6.50 lakhs. (in lakhs) 25.00 80.25 5.50 5.00 10.00 6.75 4.90 10.40 147.80
Expert Answer:
Answer rating: 100% (QA)
Answer Capital employed Rs 10040 lakhs Average capital employed Rs 9065 lakhs Explanation in step by ... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0134564142
6th Canadian edition
Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin
Posted Date:
Students also viewed these finance questions
-
Consider the following cost information for a pizzeria: a. What is the pizzerias fixed cost? b. Construct a table in which you calculate the marginal cost per dozen pizzas using the information on...
-
Consider the following cost information for a pizzeria: Quantity Total Cost Variable Cost (Dozens of pizzas) (Dollars) (Dollars) 0 320 0 1 380 60 2 430 110 3 460 140 4 500 180 5 550 230 6 620 300 The...
-
The SVP Boat Company, which is under contract to the U.S. Navy, assembles troop deployment boats. As part of its research program, it completes the assembly of the first of a new model (PT109) of...
-
Evaluate and simplify the following derivatives. d (4u + u du 8u+ 1/
-
Service sector jobs are increasingly outsourced to lower-cost locations abroad. The globalEDGE Web site has various resources that detail the nature and location of jobs that have been transferred...
-
Acme has branched out to rentals of office furniture to start-up companies. Consider a $3,000 desk. Desks last for six years and can be depreciated on a five-year MACRS schedule. What is the...
-
Consider the following game trees. (a) Find all equilibria for the game tree on the left. Which of these are subgameperfect? (b) In the game tree on the right, the payoffs \ (a, b, c, d\) are...
-
Use the information in Exercise 5-6A to complete the following requirements. In Exercise 5-6A, Terry Industries produces two electronic decoders, P and Q. Decoder P is more sophisticated and requires...
-
9. Profitability indexEstimating the cash flow generated by $1 invested in aprojectThe profitability index (PI) is a capital budgeting tool that isdefined as the present value of a project??s cas 2...
-
A 3 m 3 insulated tank contains steam at 1 bar, 150 C. The tank is connected to a steam line that is maintained at 10 bar, 300 C until the pressure in the tank is 5 bar. How much steam (kg) was...
-
Calculating prefix average of a set of values is an important problem, especially in financial calculations. Use the following link to understand background on prefix averages problem -...
-
Chiphinga Enterprises is contemplating to phase out its inhouse security department. Management is geared to outsource this function form the available security companies in Malawi. Analyse the...
-
An oil drop with a mass of 7.20*100kg is moving up at a constant speed of 2.50m/s between two horizontal parallel plates. If the electric field strength between these plates is 2.20*10 V/m, what is...
-
Fiber Company sells several products. Information of revenue and costs is as follows: Selling price per unit $28.50 Variable costs per unit: Direct material $5.25 Direct manufacturing labour $1.15...
-
7. Create the relational schema based on the following E-R diagram. Designerld Showld DesignerSSN (DesignerName) DESIGNER H+ V (1,2) FName Participatesin FASHIONSHOW Date LName Location Designs...
-
Apply the core principle(s) you articulated above to the central moral controversy in the case study. Explain how the core principle(s) of the ethical theory apply to the case study. This might...
-
Cab someone assist me? The recommended daily amount of sodium is \( 2200 \mathrm{mg} \). One can of minestrone soup contains 440 mg of sodium. What percent of the total recommended daily amount of...
-
Two mutually exclusive investment alternatives are being considered. Alternative A requires an initial investment of $20,000 in a machine. Annual operating and maintenance costs are anticipated to be...
-
The accounting records of Oriental Rugs show these data (in thousands). As the auditor, you discovered that the ending inventory for 2015 was overstated by $100,000 and that the ending inventory for...
-
During 2017, Roberts Inc. paid $200,000 for land and built a restaurant in Collingwood, Ontario. Prior to construction, the City of Collingwood charged Roberts Inc. $2,250 for a building permit,...
-
Top managers of Medical Products Inc. have asked for your help in comparing the company's profit performance and financial position with the average for the industry. The accountant has given you the...
-
On December 31, 2020, for GAAP purposes, Clubs Inc. reported a balance of \(\$ 70,000\) in Prepaid Maintenance Expense for services to be received over the following year. For tax purposes, however,...
-
On December 31, 2020, for GAAP purposes, Clubs Inc. reported a balance of \(\$ 40,000\) in a warranty liability for anticipated costs to satisfy future warranty claims. No claims were paid in 2020....
-
The records of Anderson Inc. provide the following information for the tax year 2020. - There was no beginning balance in deferred tax account(s). - Taxable income for 2020 was \(\$ 60,000\). - Tax...
Study smarter with the SolutionInn App