Question

Problem 14.10
The ABC company's financial statements contain the following information.
31 March 2012
Cash
1,60,000
Sundry debtors
4,00,000
Temporary investments
3,20,000
Stock
21,60,000
Prepaid expenses
12,000
Total current assets
30,52,000
Total assets
64,00,000
Current liabilities
8,00,000
10% Debentures
16,00,000
Equity share capital
20,00,000
Retained earnings
8,12,000
Opening stock
18,40,000
Statement of Profit for the year ended 31 March 2012
T
40,00,000
28,00,000
1,60,000
Sales
Less: Cost of goods sold
Interest
Net profit
Less: Taxes 50%
29,60,000
10,40,000
5,20,000
5,20,000
Dividend declared on equity shares 22,20,000
From the above figures, appraise the financial position of the company from the points
of view of (1) liquidity; (ii) solvency; (iii) profitability and (iv) activity.​

Answer 1

Answer:

nbshdngxbansgbjshsbdhhsnbdvnwnna1 liqidity

Explanation:

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