MBA SEMESTER I MBA104 - FINANCIAL AND MANAGEMENT ACCOUNTING Q1. Based on the following information prepare the Balance Sheet of Star Enterprises Ltd. as on 31st March 2016. Show workings and assumptions, if any. Current Ratio 2.5 Liquidity Ratio 1.5 Net working Capital Rs. 6,00,000 Inventory turnover Ratio 5 Ratio of gross profit to Sales 20 % Turnover Ratio to net fixed assets 2 Average Debt collection period 2.4 months Fixed Assets to net worth 0.8 Long term debt to capital and reserve 7/25 = 0.28 Answer: Balance Sheet of Star Enterprises Ltd. as on 31st March 2016 Liabilities Rs. Assets Rs. Capital 1000000 Fixed Assets 1200000 Inventories 400000 Reserves and 500000 Surplus Get Complete Answers on www.smuhelp.com Q2. Explain Balance Scorecard. Give an illustration of Balance Score Card. The balanced scorecard is a contemporary performance measurement system for an organisation. Traditionally, a company’s performance was measured only by using certain Get Complete Answers on www.smuhelp.com Q3. From the following Balance Sheet of ABC Ltd. as on 31. 03. 2015 and 31. 03. 2016, prepare Cash Flow Statement as per AS-3 using the Indirect method: Liabilities 31.03.2015 31.03.2016 Capital 50,00,000 50,00,000 Retained Earnings 26,50,000 36,90,000 Debentures - 9,00,000 Current liabilities Creditors 8,80,000 8,20,000 Bank loan 1,50,000 3,00,000 Liability for Expenses 3,30,000 2,70,000 Dividend Payable 1,50,000 3,00,000 91,60,000 1,12,80,000 Plant and Machinery 27,30,000 40,70,000 Less : Depreciation 6,10,000 7,90,000 21,20,000 32,80,000 Current Assets Debtors 23,90,000 28,30,000 Less: Provision 1,50,000 1,90,000 22,40,000 26,40,000 Cash 15,20,000 18,20,000 Marketable Securities 11,80,000 15,00,000 Inventories 20,10,000 19,20,000 Prepaid Expenses 90,000 1,20,000 . 91,60,000 1,12,80,000 Assets Additional Information: 1. Net profit for the year ended 31.03.2016, after charging depreciation Rs. 1,80,000 is Rs. 22,40,000. 2. Debtors of Rs. 2,30,000 were determined to be worthless and were written off against the provisions for doubtful debts account during the year. 3. ABC Ltd. declared dividend Rs. 12,00,000 for the year 2015-16. Sol: Cash Flow Statement as per AS-3 using the Indirect method for the year ended on 31st March 2016 Get Complete Answers on www.smuhelp.com