Q1- For Brady & Co., following is their trading account, Income Statement and Balance sheet. Trading Account Amount Particulars Particulars Amount To Opening Stock 565000 85000 By Sales 350000 By Closing Stock To Purchases 130000 68000 To wages To Gross Profit 192000 695000 695000 Income Statement Particulars 2020 Gross Profit 1,92,000 58,000 7,000 Selling, distribution, operating & Admin expenses Depreciation Operating Income Interest Expense Provision for Income Tax 1,27,000 33,000 5,000 Net Income 89,000 Cash Flow Statement The cash flows for this period are as follows: CF fron financing activities 38000 CF from Investment activities 25000 CF from Operations 30000 Balance Sheet as on 31 December 2020 Liabilities Amount Assets Amount Share Capital 30000 Preference Shares 175000 Copyrights 50000 Patents 120000 Buildings 20000 10% debentures 150000 70000 Plant 90000 40000 Loan on mortgage Reserves and Surplus Sundry Creditors Bill Payable Bank Overdraft 60000 85000 100000 Furniture 70000 Long term Investments 65000 Sundry Debtors 55000 Bill Receivables 30000 Inventories/ Stock Pre-paid Expenses 80 days maturity deposit 45000 Outstanding Expenses 120000 45000 10000 Cash Balance 15000 Bank Balance 25000 Grand Total 735000 Grand Total 735000 Other Information- Opening Debtors and Receivables Opening Creditors and payable Opening Balance of assets $80000 $50000 $700000 You are required to CALCULATE & COMMENT on: a) Current Ratio 1 marks b) Liquid Ratio 1 marks c) Cash Ratio 1 marks d) Debt to Equity Ratio 1 marks e) Proprietary ratio 2 marks f) Interest Coverage Ratio 2 marks g) Gross Profit Ratio 1 marks h) EBIDTA Ratio 2 Marks i) Operating Profit Margin 2 marks j) Net Profit Ratio 1 marks k) Cash Flow Ratio 1 marks 1) Return on Assets 1 marks m) Return on Equity 2 marks n) Inventory Turnover Ratio 2 marks o) Asset Turnover Ratio 2 marks p) Receivables Turnover Ratio (both times and days) 3 marks q) Payables Turnover Ratio (both times and days) 3 marks Total 28 marks