Question No. 03 The balance sheet of Creative Automotive Design Limited at the end of year n (the year which is just over) is as follows: (All figures are in lakhs) Liabilities Share Capital Reserves & Surplus Secured Loans Unsecured Loans Current Liabilities Provisions : 100 : 30 : 50 : 20 : 60 : 10 Assets Fixed Assets Investments Current Assets Cash : 60 Receivables : 10 Inventories : 80 120 Nil 150 270 270 The projected income statement and the distribution of earnings is given below Sales Cost of Goods sold Depreciation Profit before interest and tax Interest Profit before tax : 250 : 200 : 10 40 10 30 Response Question No. 03 The balance sheet of Creative Automotive Design Limited at the end of year n (the year which is just over) is as follows: (All figures are in lakhs) Liabilities Share Capital Reserves & Surplus Secured Loans Unsecured Loans Current Liabilities Provisions : 100 : 30 : 50 : 20 : 60 : 10 Assets Fixed Assets Investments Current Assets Cash : 60 Receivables : 10 Inventories : 80 120 Nil 150 270 270 The projected income statement and the distribution of earnings is given below Sales Cost of Goods sold Depreciation Profit before interest and tax Interest Profit before tax : 250 : 200 : 10 40 10 30 Response