. You have been supplied the following data for Supreme Plastic Ltd and its industry averages….

. You have been supplied the following data for Supreme Plastic Ltd and its industry averages. Balance sheet as on March 31 Liabilities Assets Equity share capital Rs 12,00,000 Net fixed assets Rs 6,05,000 10% Debentures 2,30,000 Cash 2,20,000 Sundry creditors 1,65,000 Sundry debtors 2,75,000 Bills payable 2,20,000 Stock 8,25,000 Other CL 1,10,000 19,25,000 19,25,000 Statement of profit for the year ending March 31 Sales Rs 27,50,000 Less cost of goods sold: Materials Rs 10,45,000 Wages 6,60,000 Factory overheads 3,24,500 20,29,500 Gross profit 7,20,500 Less: selling and distribution
. You have been supplied the following data for Supreme Plastic Ltd and its industry averages. Balance sheet as on March 31 Liabilities Assets Equity share capital Rs 12,00,000 Net fixed assets Rs 6,05,000 10% Debentures 2,30,000 Cash 2,20,000 Sundry creditors 1,65,000 Sundry debtors 2,75,000 Bills payable 2,20,000 Stock 8,25,000 Other CL 1,10,000 19,25,000 19,25,000 Statement of profit for the year ending March 31 Sales Rs 27,50,000 Less cost of goods sold: Materials Rs 10,45,000 Wages 6,60,000 Factory overheads 3,24,500 20,29,500 Gross profit 7,20,500 Less: selling and distribution expenses 2,75,000 administrative and general expenses 3,07,000 Earnings before interest and taxes 1,38,500 Less interest 23,000 Earnings before taxes 1,15,500 Less income taxes (0.50) 57,750 Net profit 57,750 Ratios Current assets/Current liabilities 2.4 Sales/Debtors 8.0 Sales/Stock 9.8 Sales/Total assets 2.0 Net profit/Sales (%) 3.3 Net profit/Total assets (%) 6.6 Net profit/Net worth (%) 10.7 Total debt/Total assets (%) 63.5 (i) Determine the indicated ratios for Supreme Plastic Company. (ii) Indicate the companys strengths and weaknesses as shown by your analysis

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