Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Q. BS The balance sheet of Y Ltd as on 31 March, 2005 is as follows; (Rs in lakhs) Liabilities Capital 266 Assets Fixed Assets
Q. BS The balance sheet of Y Ltd as on 31 March, 2005 is as follows; (Rs in lakhs) Liabilities Capital 266 Assets Fixed Assets Less: Depreciation 400 140 260 Loans Creditors & other current assets 100 129 Investments Closing Stock Debtors Cash Bank Other current assets Pre-paid Expenses Total 40 120 70 20 25 60 595 Total 595 (Rs. In lakhs) In addition, you are given following information: Sales (60% sales are on credit) 600 150 EBIT Interest 24 Provision for Tax 60 Based on above information, please calculate: a) Return on Capital Employed b) Current Ratio c) Inventory turnover ratio d) Collection Period e) Debt-Equity Ratio (Marks:10)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started