The Balance Sheet and Profit and Loss Statement for Seema Ltd are as follows

Seema Ltd Balance Sheet
The fiscal year ends in March. INR in millions	2021	2020
ASSETS
Current assets
Cash
Cash and cash equivalents	3,015,000	2,939,400
Short-term investments	1,821,600	1,511,400
Total cash	4,836,600	4,450,800
Receivables	2,115,900	8,364,000
Inventories	2,388,000	2,061,000
Deferred income taxes		967,600
Prepaid expenses	796,300	1,333,300
Other current assets	7,716,200	1,032,000
Total current assets	17,853,000	18,208,700
Non-current assets
Property, plant and equipment
Gross property, plant and equipment	23,649,000	22,776,600
Accumulated Depreciation	-13,451,900	-13,036,200
Net property, plant and equipment	10,197,100	9,740,400
Equity and other investments	10,525,500	10,071,400
Other long-term assets	10,193,800	9,406,200
Total non-current assets	30,916,400	29,218,000
TOTAL ASSETS	48,769,400	47,426,700
LIABILITIES AND STOCKHOLDER'S EQUITY
Liabilities
Current liabilities
Short-term debt	9,244,100	8,521,000
Accounts payable	2,566,400	2,389,000
Taxes payable	223,600	343,300
Accrued liabilities	3,137,800	2,726,100
Other current liabilities	2,147,000	2,144,400
Total current liabilities	17,318,900	16,123,800
Non-current liabilities
Long-term debt	9,911,500	9,772,000
Deferred taxes liabilities	1,443,400	2,046,000
Pensions and other benefits	905,000	904,900
Minority interest	668,200	861,400
Other long-term liabilities	1,007,700	971,600
Total non-current liabilities	13,935,800	14,555,900
TOTAL LIABILITIES	31,254,700	30,679,700
Stockholders' equity
Additional paid-in capital	881,000	945,200
Retained earnings	17,601,000	16,794,200
Treasury stock	-1,608,200	-1,603,200
Accumulated other comprehensive income	640,900	610,800
Total stockholders' equity	17,514,700	16,747,000
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY	48,769,400	47,426,700

Seema Ltd Profit and Loss Statement
The fiscal year ends in March. INR in millions	2021	2020
Sales	37,597,000	38,403,000
COGS	29,934,000	30,605,000
Gross profit	7,663,000	7,798,000
Expenses
General and administrative	1,720,800	1,765,800
Selling and Distribution	860,400	882,900
Power & fuel costs	286,800	294,300
Total operating expenses	2,868,000	2,943,000
Operating income	4,795,000	4,855,000
Interest Expense	29,300	35,400
Other income	228,800	164,800
Income before taxes and Depreciation	4,994,500	4,984,400
Depreciation	86,500	71,300
Income Before Taxes	4,908,000	4,913,100
Income Tax	1,963,200	1,965,240
Net income	2,944,800	2,947,860

Required

1. Prepare a common-size income statement and balance sheet for the two years as given above for Seema Ltd.
2. Calculate the following ratios for both years: -Current Ratio, Return on equity,Debt Equity ratio ,Return on Assets,Net Profit Margin
3. The cash collection/conversion cycle (CCC) of any company is Days Inventory (Outstanding) ratio+ Days Receivable (Outstanding) ratio - Days Payable (Outstanding) ratio or Days Inventory ratio+ Days Receivable ratio - Days Payable ratio. Calculate the CCC for Seema Ltd