satish
(teaching)
(2046 Points)
Replied 04 May 2018
QUESTION NO 1 | ||
CASH FLOW STATEMENT FOR A STAR LTD | ||
PARTICULARS | RS. | RS. |
CASH FROM OPERATING ACTIVITIES: | ||
NET PROFIT AFTER ALL APPROPRIATIONS (134000-104000) | 30000 | |
ADD: DIVIDEND FOR 2017-18 | 8000 | |
NET PROFIT AFTER TAXATION | 38000 | |
ADD: PROV FOR TAXATION 2017-18 | 12000 | |
NET PROFIT BEFORE TAXATION | 50000 | |
ADJ: NON OPERATING AND NON CASH ITEMS | ||
DEBENTURE INTEREST | 3500 | |
OPERATING PROFIT BEFORE WORKING CAAPITAL HANGES | 53500 | |
ADJ: WORKING CAPITAL CHANGES | ||
INCREASE IN STOCK (98000-84000) | -14000 | |
INCREASE IN BILLS RECEIVABLE (62000-42000) | -20000 | |
INCREASE IN CREDITORS (46000-38000) | 8000 | |
DECREASE IN BILLS PAYABLES (5000-4000) | -1000 | |
CASH FROM OPERATING ACTIVITIES BEFORE PAYMENT OF TAX | 26500 | |
LESS: TAX PAID | -10000 | |
NET CASH FROM OPERATING ACTIVITIES | 16500 | |
CASH FROM FINANCING ACTIVITIES: | ||
ISSUE OF EQUITY SHARES WITH PREMIUM (30000+6000) | 36000 | |
ISSUE OF PREFERENCE SHARES | 10000 | |
REDEMPTION OF DEBENTURES (70000-64000) | -6000 | |
INTEREST ON DEBENTURES (70,000 X 5%) | -3500 | |
PAYMENT OF DIVIDEND 2016-17 | -7000 | |
NET CASH FROM FINANCING ACTIVITIES | 29500 | |
CASH FROM INVESTING ACTVITIES: | ||
PURCAHSE OF NEW MACHINERY (230000-200000) | -30000 | |
PURCHASE OF BUILDINGS (176000-150000) | -26000 | |
NET CASH USED IN INVESTING ACTIVITIES | -56000 | |
NET DECREASE IN CASH AND CASH EQUIVALENTS | -10000 | |
ADD: OPENING CASH AND CASH EQUIVALENTS | 40000 | |
CLOSING CASH AND CASH EQUIVALENTS | 30000 | |
Anuj jain
(Self employed)
(40 Points)
Replied 04 May 2018
Anuj jain
(Self employed)
(40 Points)
Replied 04 May 2018
satish
(teaching)
(2046 Points)
Replied 05 May 2018
QUESTION NO 2 | ||||
COMMON SIZE PROFIT AND LOSS STATEMENT OF V LIMITED | ||||
PARTICULARS | 2016 | % | 2017 | % |
SALES | 400000 | 100.00% | 500000 | 100.00% |
LESS: COST OF GOODS SOLD | 300000 | 75.00% | 375000 | 75.00% |
GROSS PROFIT | 100000 | 25.00% | 125000 | 25.00% |
LESS: OPERATING EXP | 6500 | 1.63% | 7250 | 1.45% |
OPERATING PROFIT | 93500 | 23.38% | 117750 | 23.55% |
LESS:ADMIN EXP | 10000 | 2.50% | 10000 | 2.00% |
NET PROFIT BEFORE INTEREST | 83500 | 20.88% | 107750 | 21.55% |
LESS: INTEREST | 8500 | 2.13% | 12750 | 2.55% |
NET PROFIT | 75000 | 18.75% | 95000 | 19.00% |
COMMON SIZE BALANCE SHEET OF V LIMITED | ||||
PARTICULARS | 2016 | % | 2017 | % |
ASSETS | ||||
CURRENT ASSETS | ||||
CASH | 50000 | 7.69% | 70000 | 9.21% |
DEBTORS | 100000 | 15.38% | 150000 | 19.74% |
STOCK | 100000 | 15.38% | 150000 | 19.74% |
TOTAL OF CURRENT ASSETS | 250000 | 38.46% | 370000 | 48.68% |
NON CURRENT ASSETS | ||||
FURNITURE | 50000 | 7.69% | 70000 | 9.21% |
PLANT AND MACHINERY | 150000 | 23.08% | 135000 | 17.76% |
BUILDINGD | 150000 | 23.08% | 135000 | 17.76% |
LAND | 50000 | 7.69% | 50000 | 6.58% |
TOTAL OF NON-CURRENT ASSETS | 400000 | 61.54% | 390000 | 51.32% |
TOTAL ASSETS(CA + NCA) | 650000 | 100.00% | 760000 | 100.00% |
EQUITY AND LIABILITIES | ||||
CURRENT LIABILITIES | ||||
TRADE PAYABLES | 50000 | 7.69% | 75000 | 9.87% |
BILLS PAYABLES | 25000 | 3.85% | 37500 | 4.93% |
CREDITORS | 75000 | 11.54% | 100000 | 13.16% |
TOTAL OF CURRENT LIABILITIES | 150000 | 23.08% | 212500 | 27.96% |
NON CURRENT LIABILITIES | ||||
17% DEBENTURES | 50000 | 7.69% | 75000 | 9.87% |
EQUITY | ||||
EQUITY SHARE CAPITAL | 200000 | 30.77% | 200000 | 26.32% |
9% PREF SHARE CAPITAL | 150000 | 23.08% | 150000 | 19.74% |
RESERVES | 100000 | 15.38% | 122500 | 16.12% |
TOTAL OF EQUITY | 450000 | 69.23% | 472500 | 62.17% |
TOTAL OF EQUITY AND LIABILITIES | 650000 | 100.00% | 760000 | 100.00% |
satish
(teaching)
(2046 Points)
Replied 05 May 2018
QUESTION NO 3 | ||
INCOME STATEMENT | ||
(amounts in lakhs) | ||
PARTICULARS | V LTD | J LTD |
SALES | 1500 | 6000 |
LESS: COST OF GOODS SOLD | 900 | 4050 |
GROSS PROFIT | 600 | 1950 |
LESS: DEPRECIATION | 135 | 675 |
SELLING EXP | 135 | 225 |
OPERATING PROFIT | 330 | 1050 |
ADD: NON OPERATING INCOME | 45 | 285 |
EBIT | 375 | 1335 |
LESS: NON OPERATING EXP | ||
INTEREST | 105 | 375 |
PROFIT BEFORE TAX (EBT) | 270 | 960 |
LESS: TAX | 90 | 225 |
PROFIT AFTER TAX | 180 | 735 |
CAPITAL EMPLOYED | ||
(amounts in lakhs) | ||
PARTICULARS | V LTD | J LTD |
FIXED ASSETS | 1500 | 7350 |
CURRENT ASSETS | 525 | 2250 |
2025 | 9600 | |
LESS: CURRENT LIABILITIES | 375 | 2100 |
CAPITAL EMPLOYED | 1650 | 7500 |
QUESTION NO 3(a) | ||
(amounts in lakhs) | ||
PARTICULARS | V LTD | J LTD |
CURRENT ASSETS | 525 | 2250 |
CURRENT LIABILITIES | 375 | 2100 |
CURRENT RATIO | ||
(CA / CL) | 1.4 TIMES | 1.07 TIMES |
EARNING (PAT) | 180 | 735 |
NUMBER OF SHARES | 60 | 300 |
(FACE VALUE RS. 10/-) | ||
EARNING PER SHARES | 3 | 2.45 |
(EARNINGS / NUMBER OF SHARES) | ||
QUESTION NO 3(b) | ||
(amounts in lakhs) | ||
PARTICULARS | V LTD | J LTD |
EBIT | 375 | 1335 |
CAPITAL EMPLOYED | 1650 | 7500 |
RETURN ON CAPITAL EMPLOYED | 22.73% | 17.80% |
(EBIT / CAPITAL EMPLOYED) | ||
OPERATING PROFIT | 330 | 1050 |
SALES | 1500 | 6000 |
OPERATING PROFIT RATIO | 22% | 17.50% |
(OPERATING PROFIT / SALES) | ||
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)