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Given below is the financial data for year ended March 2021 for ABC Ltd.. Abridged income statement for year ended Mar 21 Rs. lacs

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Given below is the financial data for year ended March 2021 for ABC Ltd.. Abridged income statement for year ended Mar 21 Rs. lacs Sales Variable costs 4000 2800 Fixed operating costs 700 PBIT Interest PBT Tax PAT Dividend Abridged Balance sheet as on 31st March 2021 (Rs. lacs) 500 200 300 90 210 150 Capital and liabilities Assets Share capital 800 Fixed assets 2500 Reserves and surplus Loans 700 1600 Current liabilities & provisions Total capital & liabilities 1500 Investments 100 Current assets 2000 Total Assets 4600 4600 In the financial year ending March 2022, sales are expected to increase by 20%. Fixed assets and fixed operating costs are expected to increase by 5%. The company will maintain dividend at the existing level. Assume no change in interest expense. Tax rate is 30%. Show all calculations and assumptions clearly. Make projected income statement and Balance sheet for financial year ending March 2022.(20)

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