Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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)

image text in transcribed

image text in transcribed

image text in transcribed

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

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Keys To Reading An Annual Report

Authors: George T. Friedlob, Ralph E. Welton

4th Edition

ISBN: 0764139150, 978-0764139154

More Books

Students also viewed these Accounting questions