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this is one single question The balance sheet of Anand Health care Limited at the end of year n (the year which is just over)
this is one single question
The balance sheet of Anand Health care Limited at the end of year n (the year which is just over) is as follows: (All figures are in Liabilities Assets lakha) shoelor Share Capital Reserves & Surplus Secured Loans Unsecured Loans Current Liabilities Provisions : 100 : 20 : 20 820 : 10 100 20 60 : Fixed Assets : Investments : Current Assets Cash : 30 Receivables: 20 Inventories : 10 10 180 180 The projected income statement and the distribution of earnings is given below: 12 13 The projected income statement and the distribution of earnings is given below: Sales 07 Cost of Goods sold Depreciation Profit before interest and tax Interest Profit before tax Tax Profit after tax Dividend Retained Earnings : 150 : 100 : 10 : 40 : 10 : 30 : 5 : 25 : 5 : 20 During the year n+1, the firm plans to raise a secured loan of Rs.20 lakhs and repayment of loans by 5 lakhs. The company plans to invest in other company share for Rs. 10 lakhs. There is an decrease in current liabilities by 5 lacs and provisions increased by 5 lakhs. The company plans to acquire assets worth Rs. 30 lakhs and raise its inventories by 10 lakhs. Receivables are expected to increase by 10 lakhs. The firm plans to pay 5 lakls by way of equity dividend. The level of cash would be the balancing amount in the projected balance sheet. Given the above information, prepare the following: a. Projected Cash Flow statement b. Projected Balance Sheet (4+4=8)Step by Step Solution
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