Financial statements of beximco ltd

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Reference no: EM132642021

Below are the financial statements of BEXIMCO Ltd. for the year, 2019, Balance Sheet

Liabilities: Assets

Share Capital :

Ordinary Share of Tk. 10 each 1,00,000 Fixed Assets (Less: Depreciation ) 2,48,000

Loan on Mortgage 1,20,000 Stock in Trade (Inventory) 35,000

Creditors 40,000 Debtors 39,000

Reserve 20,000 Cash and Bank Balance 40,000

Profit and Loss Account 24,000

Provision for Taxation 38,000

Proposed Dividend 20,000

Total 3,62,000 Total 3,62,000

Profit & Loss Account

Interest on Mortgage loan 3,400 Profit for the year after 105,400

Directors allowance 16,000 Normal running cost and

Provision for Income Tax 39,000 depreciation

Dividend 15,000

Transfer to Reserve 17,000

Balance c/d 15,000

Total 105,400 Total 105,400

Total sales amounted to Tk. 8,00,000.

From the above information find out the following ratios and comment on the results:

(a) Current Ratio;

(b) Acid Test Ratio;

(c) Debt Equity Ratio;

(d) Stock (Inventory) Turnover Ratio;

(e) Return on Assets (ROA).

Reference no: EM132642021

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