Question
The balance sheet of a pharmaceutical company over three years is given below. The company paid a dividend of Rs. 30 million in Year 3
The balance sheet of a pharmaceutical company over three years is given below. The company paid a dividend of Rs. 30 million in Year 3 and Rs. 45 million in Year 4.
Assets/Liabilities | Year 2 | Year 3 | Year 4 |
Total assets | 400 | 420 | 430 |
Liabilities to outsiders | 200 | 225 | 215 |
Equity share capital | 4 | 6 | 6 |
Reserves and surplus | 196 | 189 | 209 |
Total of Liabilities and Equity | 400 | 420 | 430 |
1)The profits for the year 3 and year 4 are ____________________.
2. The balance sheet of a pharmaceutical company over three years is given above. The company paid a dividend of Rs. 30 million in Year 3 and Rs. 45 million in Year 4. How the company used the profit in Year 4?
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