Questions:

1. What is DRL’s Asset Turnover in 2017 and 2018? Provide two reasons for the change in

this ratio.

2. How much cash has DRL collected from customers during the year ended 31st March

2018?

3. Was the proposed dividend for the year ended 31st March 2018 paid by that date? What

was the journal entry that DRL must have recorded for the proposed dividend?

4. What was the dividend paid during the year ended 31st March 2018?

5. Reconcile the change in Intangible Assets with the cash paid for purchase of Intangible

Assets.

6. Analyse effect of:

a. Sale of PPE with gain on ROE

b. Paying dividend on ROA

c. Receiving dividend on Current Ratio

d. Paying advance salary on Quick Ratio

e. Repaying loan on DuPont’s Leverage

f. Paying last year’s rent on Profit Margin

g. Receiving advance from customers on Receivables Turnover