BALANCE SHEET OF GLADIER STEEL (in Rs. Cr.) Particulars 19-Mar 18-Mar 12 mths 12 mths EQUITIES AND LIABILITIES Equity Share Capital 100.00 100.00 Reserves and Surplus 6,000.00 4,500.00 Minority Interest 250.00 150.00 Long Term Borrowings 8,000.00 6,500.00 Deferred Tax Liabilities [Net] 1,200.00 8,000.00 Other Long Term Liabilities 200.00 500.00 Long Term Provisions 500.00 600.00 Short Term Borrowings 4,000.00 1,600.00 Trade Payables 1,500.00 2,000.00 Other Current Liabilities 1,800.00 1,400.00 Short Term Provisions 200.00 180.00 Total 23,750.00 25,530.00 ASSETS Tangible Assets 10000.00 11,000.00 Intangible Assets 150.00 200.00 Capital Work-In-Progress 2,000.00 2,500.00 Non-Current Investments 650.00 250.00 Deferred Tax Assets [Net] 100.00 120.00 Long Term Loans And Advances 650.00 150.00 Other Non-Current Assets 2,500.00 2,000.00 Current Investments 1,000.00 2,000.00 Inventories 4,000.00 2,500.00 Trade Receivables 1,800.00 3,000.00 Cash And Cash Equivalents 300.00 800.00 Short Term Loans And Advances 100 260.00 Other Current Assets 500.00 750.00 Total 23750.00 25530.00 Turnover of the company is Rs. 40000 crores with a gross profit margin of 20%. Comment on the working capital management of Gladier Steel for 2019 on the basis of different ratios and the financial figures of the company given above. You mayfind out COGS by deducting the gross profit margin from the turnover