You must solve 3 , 5 and 7

10 3. Complete the following statement showing increase or decrease in working capital: Effect on Working Balance of Current Assets & 31.3.2020 31.3.2021 Capital Current Liabilities 50,000 ? 8,000 (increase) Inventory Trade receivable ? 28,600 7,900 (decrease) ? 3,900 3,600 (increase) Prepaid expenses Advance to suppliers 12.000 ? 2,700 (increase) Cash & Bank 21,700 18,300 ? Trade Payables ? 15,300 2,700 (increase) Outstanding expenses 4,900 ? 400 (decrease) Advance from Customers 7,600 Nil ? Working Capital ? ? 4. What do you mean by financial statement analysis? Why such analysis is required? Mention five parties who are interested in such analysis. 2+3+5 10 5. Calculate the average collection period from following details taking 365 days in a year: Average inventory 2,73,750 Balance of Receivables: Opening * 2,80,000 and Closing 3,04,000 Inventory turnover ratio (based on cost) = 2 months G.P Ratio = 10% and Credit sales to Total sales = 80%. 6. What do you mean by accounting ratio? What are its limitations? 3+7 7. Find the sales of the base year and other missing data from the following figures of Zap Ltd. 10 Year 2016 2017 2018 2019 2020 Sales ('000) 47,200 ? 63,200 72,800 ? Trend (%) 118 134 ? ? 213