The Balance sheet of X Ltd for Year Ending March 19 and 20 is given below .
Balance Sheet - All Values in Rs / Crs	X Ltd
	YE Mar 20	YE Mar 19
Equity & Liabilities
Share Capital [ Paid up Value per share Rs 5]	654	654
Reserves & Surpluses	20,435	16,587
Total Equity	21,089	17,241
Non Current Liabilities
Long Term Borrowings	18,975	19,845
Total Non Current Liabilities	40,064	37,086
Current Liabilities
Short Term Borrowings - working capital limits	5,545	4,985
Trade Payables	11,250	12,150
Other current liabilities	6,244	4,165
Total Current Liabilities	23,039	21,300
Total Liabilities	63,103	58,386
Assets
Non Current Assets - Fixed Assets
Tangible Assets	36,403	34,950
Intangible Assets	994	1,215
Total Fixed Assets	37,397	36,165
Non Current Investments - MF Units, Bonds etc	8,315	7,485
Total Non Current Assets	45,712	43,650
Current Assets
Current Investments	2,459	2,134
Inventories	7,215	6,188
Trade Receivables	6,485	4,895
Cash & Cash Equivalents incl bank balances	536	554
Other Current Assets	696	965
Total Current Assets	17,391	14,736
Total Assets	63,103	58,386
Additional information given is as under:
Inventory Details - All Values in Rs / Crs	X Ltd
	YE Mar 20	YE Mar 19
A. Inventories
Raw materials and components	4,120	3,765
Work-in-progress	1,410	1,183
Finished goods	1,685	1,240
Total Inventory	7,215	6,188
You are required to calculate the key ratios and comment on the comparative aspects of the following:
a. Solvency : Calculate the Current & Quick Ratio .Comment on the Inventory of Finished goods in relation to the Inventory of Raw Materials and Receivables.(4 Marks)
b. Asset Liability Management : Calculate the Long Term Funds to Long Term Assets Ratio . From the same comment on the quality of Asset Liability Management in both the years ( 3Marks)
c. Financial Leverage: Calculate the Debt Equity Ratio and Comment on the Company's status during the years given.(3 Marks)