. The Balance Sheets and Profit and Loss accounts of Beximco Pharma Ltd during 1999-2000 are presented below. You are required to compute Current Ratio, Quick Ratio, Gross Profit Margin, Return on Common Equity, Inventory Turnover days, Accounts Receivable collection days, Accounts Payable T/O Days. I Beximco Pharma Ltd. (In Taka) Balance Sheets Profit & Loss Account Sales (Credit sales) 28,000 Cost of goods sold* 6,900 Gross Profit 11,700 Operating expenses 2,43,000 EBIT 5,00,000 Interest 2,15,000 Earnings before tax 55,000 Tax @ 30% EAIT (Net profit) 10,59,600 No. of shares 1999 2000 1999 2000 Liabilities and Equity Accounts Payable Accrued expenses 7,50,000 9,50,000 23,000 7,100 2,50,000 3,50,000 6,00,000 5,00,000 Short-term bank loan 13,200 2,71,000 50,000 4,50,000 65,000 57,000 5,43,000 Debenture Equity Share Capital 5,00,000 72,000 3,85,000 1,15,000 4,71,000 1,41,000 General Reserves 2,05,000 52,000 Taxation Reserve 2,69,500 50,000 22,100 3,30,700 50,000 20,900 Total 10,71,300 * Includes Depreciation Assets and Properties 9,500 55,000 Cash in hand 8,100 Cash at bank 15,200 Accounts Receivables 85,000 90,000 Bills Receivables 9,900 11,800 2,10,000 2,01,000 Inventory Fixed Assets (Net) 7,43,100 7,30,800 Total 10,71,300 10,59,600
. The Balance Sheets and Profit and Loss accounts of Beximco Pharma Ltd during 1999-2000 are presented below. You are required to compute Current Ratio, Quick Ratio, Gross Profit Margin, Return on Common Equity, Inventory Turnover days, Accounts Receivable collection days, Accounts Payable T/O Days. I Beximco Pharma Ltd. (In Taka) Balance Sheets Profit & Loss Account Sales (Credit sales) 28,000 Cost of goods sold* 6,900 Gross Profit 11,700 Operating expenses 2,43,000 EBIT 5,00,000 Interest 2,15,000 Earnings before tax 55,000 Tax @ 30% EAIT (Net profit) 10,59,600 No. of shares 1999 2000 1999 2000 Liabilities and Equity Accounts Payable Accrued expenses 7,50,000 9,50,000 23,000 7,100 2,50,000 3,50,000 6,00,000 5,00,000 Short-term bank loan 13,200 2,71,000 50,000 4,50,000 65,000 57,000 5,43,000 Debenture Equity Share Capital 5,00,000 72,000 3,85,000 1,15,000 4,71,000 1,41,000 General Reserves 2,05,000 52,000 Taxation Reserve 2,69,500 50,000 22,100 3,30,700 50,000 20,900 Total 10,71,300 * Includes Depreciation Assets and Properties 9,500 55,000 Cash in hand 8,100 Cash at bank 15,200 Accounts Receivables 85,000 90,000 Bills Receivables 9,900 11,800 2,10,000 2,01,000 Inventory Fixed Assets (Net) 7,43,100 7,30,800 Total 10,71,300 10,59,600
Chapter2: Audits Of High-risk Accounts
Section2.3: Take-two Interactive Software, Inc.
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Transcribed Image Text:. The Balance Sheets and Profit and Loss accounts of Beximco Pharma Ltd during 1999-2000 are presented below. You are required to compute
Current Ratio, Quick Ratio, Gross Profit Margin, Return on Common Equity, Inventory Turnover days, Accounts Receivable collection days,
Accounts Payable T/O Days.
I
Beximco Pharma Ltd.
Balance Sheets
(In Taka)
1999
Profit & Loss Account
Sales (Credit sales)
28,000 Cost of goods sold*
6,900 Gross Profit
11,700 Operating expenses
2,43,000 EBIT
5,00,000 Interest
2,15,000 Earnings before tax
55,000 Tax @ 30%
EAIT (Net profit)
10,59,600 No. of shares
2000
1999
2000
Liabilities and Equity
Accounts Payable
Accrued expenses
7,50,000
9,50,000
23,000
7,100
2,50,000
3,50,000
5,00,000
6,00,000
Short-term bank loan
13,200
2,71,000
50,000
4,50,000
57,000
5,43,000
Debenture
Equity Share Capital
5,00,000
65,000
72,000
4,71,000
1,41,000
General Reserves
2,05,000
52,000
3,85,000
Taxation Reserve
1,15,000
2,69,500
50,000
22,100
3,30,700
50,000
20,900
Total
10,71,300
* Includes Depreciation
Assets and Properties
Cash in hand
Cash at bank
Accounts Receivables
Bills Receivables
Inventory
Fixed Assets (Net)
8,100
9,500
15,200
55,000
85,000
9,900
90,000
11,800
2,10,000
2,01,000
7,43,100
7,30,800
Total
10,71,300
10,59,600
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