Anandam Manufacturing Company Income Statement Year Ended March 31, 2015 2015 Selling, General and Administration (1,000) Interest expenses Anandam Manufacturing Company Balance Sheet Year Ended March 31, 2015.(Thousands INR Current assets Cash and Cash Equivalents Property, Plant and Equipment (cost) Less: Accumulated Depreciation Property, Plant and Equipment (net) Reserve & Surplus Current liability Total Equity & Liabilities Ratio Anandam 229% 9% 40% 10.5% 4 X 2.65 X Ratio Return on Equit Return on Assets Gross Profit Ratio Net Profit Ratio Times Interest Earned 22% 10% 40% 18.0% 10 X 4.85 X Current Ratio Quick Ratio Receivable Turnover Receivable Anandam 1.60:1 0.79:1 4.00 X 91 days 2.13 X 2.30: 1 1.20:1 7.00 X 52 days 4.00 X 91 days y Turnover Name: Student ID: Problem #1-For the following tasks, please refer to the information provided on the page #2 (ratios. income statement, and balance sheet of the Anandam Manufacturing Company). Part (B) Assume the company introduced a new customer management system and offered a standard price discount of 2/10 n 30. Assume fuuther that all customers would take the new price discount and that the discount leads to an increase of sales by 20% Credit sales remain at 90% of total sales. What would be Anandam Manufacturing's new average accounts receivable balance? Should the company offer the discount? [15 marks] Please organize your work so it is easy to read / easy to follow