Payment of dividend: Preference 75,000 Equity 2,00,000 2,75,000 Total cash (uses) (B) 12,75.000 Net decrease in cash (B - A) (21,000) Opening balance of cash 2,00,000 Less: Decrease in cash 21,000 1.79,000 Closing balance of cash P.6.12 You have been supplied data for the Supreme Plastic Company Ltd, and its industry averages: 1. Determine the indicated ratios for the Supreme Plastic Company. 2. Indicate the company's strengths and weaknesses as shown by your analysis. y21 Amount 26,05,000 2,20,000 2.75,000 8,25,000 19,25,000 27,50,000 Balance sheet as at March 31 Equity and Liabilities Amount Assets Equity share capital 312,00,000 Net fixed assets 10% Debentures 2,30,000 Cash Sundry creditors 1,65,000 Sundry debtors Bills payable 2,20,000 Stock Other current liabilities 1,10,000 19,25,000 Statement of profit for the year ending March 31, current year Sales Less: Cost of goods sold: Materials 210,45,000 Wages 6,60,000 Factory overheads 3.24,500 Gross profit Less: Selling and distribution expenses Less: Administrative and general expenses Earnings before interest and taxes Less: Interest Earings before taxes Less: Income taxes (0.35) Net profit Ratios Ratios Industry Supreme Plastic Current assets/current liabilities 2.4 Sales/debtors 8.0 Sales/stock 9.8 Sales/total assets Net profit/sales (per cent) 3.3 Net profit/total assets (per cent) 6.6 Net profitet worth (per cent) 12.7 Total debt/total assets (per cent) 63.5 20,29,500 7,20,500 2,75,000 3,07,000 1,38,500 23,000 1.15,500 40,425 75,075 OA 2.0