THE FOLLOWING ARE THE FINANCIAL STATEMENT OF X Y COMPANY LTD BALANCE SHEET AS ON 31 DEC 2009 LIABILITY EQUITY SHARE

CAPT 10 EACH 450,000 6%PREFRENCE SHARE CAPT 200,000 P AND L A/C 5.25%MORTAGE LOAN BILLS PAYABLE TAX PAYABLE 94000 100,000 25000 15000 OTHER CURRENT LIAB INVENTORY DEBTOR(PREVIOUS YEAR RS 20000) 45000 OTHER CURRENT LIABILITY 65000 INVESTMENT(LONG TERM) 50000 CASH 50000 PLANT EQUIPMENT (-)DEPRECIATION ASSET 650,000 50000 600000 59000 80000

SHORT TERM INVESTMENT 65000 9,49000 9,49000

PROFIT AND LOSS A/C FOR THE YEAR ENDED 31 DEC 2009 PARTICULAR TO STOCK IN BEGIN 1,20,000 TO PURCHASE 19,20.000 BY SALES CREDIT SALES CASH SALES 20,00,000 400,000 24,00,000 BY STOCK AT THE END 80,000 24,80,000 68000 BY GROSS PROFIT 4,40,000 PARTICULAR

TO GROSS PROFIT 4,40000 24,80,000 TO SELLING EXP TO GENERAL ADMINIST EXP 45000

TO INTEREST EXP 5,250

TO INCOME BEFORE TAX 3,21,750 4,40,000 TO INCOME TAX 29000 TO NET INCOME AFTER TAX 2,92,750 3,21,750 I BY INCOME BEFORE TAX

4,40,000

3,21,750

3,21,750

YOU ARE REQUIRED TO FIND 1.CURRENT RATIO 2.ACID TEST RATIO 3.DEBTOR TURNOVER 4.CREDITOR TURNOVER RATIO 5.INVENTORY TURNOVER 6.OPERATING COST RATIO 7.EARNING PER SHARE (EQUITY SHARE) 8.RATE OF RETURN ON EQUITY SHAREHOLDERS EQUITY 9.RETURN ON PROPRITOR FUND 10.DEBT EQUITY RATIO PREPARE VERTICAL STATEMENT AND RATIO