Question
From the following ratios of Reliance Ltd, complete the financial statement of Reliance Ltd. Total asset turnover ratio- 0.4 , Fixed asset turnover ratio 0.625,
From the following ratios of Reliance Ltd, complete the financial statement of Reliance Ltd.
Total asset turnover ratio- 0.4 , Fixed asset turnover ratio 0.625, Current ratio- 1.4 times, Quick ratio-1.2 times, return on equity- 11%, Interest coverage ratio- 3.75 times, return on capital employed -15%, inventory turnover ratio 6.5 times, and the average collection period is 91.25 days.
Income statement | Amount. (Rs.) |
Sales | 10,00,000 |
Less: Cost of Goods Sold |
|
Gross Profit | |
Less: Operating Expenses | |
EBIT |
|
Interest | |
Profit before tax |
|
Tax ( @40%) |
|
Profit after Tax |
|
Liabilities | Amount | Assets | Amount |
Equity share capital |
| Fixed Assets |
|
Investments | |||
Debentures(@10% p.a) |
| Current Assets | |
| Cash |
| |
Accounts Payable | 5,00,000 | Debtors |
|
|
| Inventory |
|
Loans and Advances 2,50,000 | |||
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