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Following is the extract of a Balance Sheet of a company as on 31 March, 2014 Liabilities Assets Equity Share Capital ( 100) 4,00,000 Fixed
Following is the extract of a Balance Sheet of a company as on 31 March, 2014 Liabilities Assets Equity Share Capital ( 100) 4,00,000 Fixed Assets 10,00,000 Reserves & Surplus 1,25,000 Trade Investment 1,00,000 Debentures 3,00,000 12% Stock 1,25,000 Bank Loan 1,00,000 10% Debtors55,000 Current Liabilities 3,55,000 Preliminary Expenses 25,000 1280000 1280,000 Net sales for 2013-14 (i) .were 20,00,000 Price-Earnings Ratio is . (ii) .10 Dividend Pay-out Ratio is (iii) .50% Dividend per Share in (iv) .2013-14 is 20 Corporate Tax Rate is (v) .50% Using Altman's Model, calculate the Z-score of the company and interpret the result.1968 safe 3.722 safe 4 not safe 3 not safe 2.5
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