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Question 24 The balance sheet of Majestic Limited as at March 31, 2019 is shown below: Not yet answered Liabilities Rs ( in '000) Assets Rs (in '000) Marked out of 15.00 Share capital 4.200 Fixed assets 8,870 Flag question Retained Earnings 12,480 Inventories 3,480 Term loans 3,920 Receivables 2,580 Debentures 2.490 Cash 180 Accounts payable 1.240 Provisions 780 15,110 15,110 The sales of the firm for the year ending on March 31, 2019 were 31.410. Its profit margin on sales was 7 percent and its dividend payout ratio was 50 percent. The tax rate was 34 percent. Majestic Limited expects its sales to increase by 30 percent in the year 2020. The ratio of assets to sales and spontaneous current liabilities to sales would remain unchanged. The profit margin ratio the tax rate and the dividend payout ratio would remain unchanged. Reruired Question 24 The balance sheet of Majestic Limited as at March 31, 2019 is shown below: Not yet answered Liabilities Rs ( in '000) Assets Rs (in '000) Marked out of 15.00 Share capital 4.200 Fixed assets 8,870 Flag question Retained Earnings 12,480 Inventories 3,480 Term loans 3,920 Receivables 2,580 Debentures 2.490 Cash 180 Accounts payable 1.240 Provisions 780 15,110 15,110 The sales of the firm for the year ending on March 31, 2019 were 31.410. Its profit margin on sales was 7 percent and its dividend payout ratio was 50 percent. The tax rate was 34 percent. Majestic Limited expects its sales to increase by 30 percent in the year 2020. The ratio of assets to sales and spontaneous current liabilities to sales would remain unchanged. The profit margin ratio the tax rate and the dividend payout ratio would remain unchanged. Reruired