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The financial statement shows that as of March 31, 2020: 1) The company has a current ratio of 0.88, indicating it has insufficient current assets to cover its current liabilities. 2) It has a working capital deficit of ₹212,577,000. 3) The company's current assets consist of 29.1% cash, 44.8% accounts receivable, and 14.2% closing stocks. Its total current assets are ₹1,573,978,000 which is 88.1% of total assets.

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231 views1 page

Balance Sheet StartUp

The financial statement shows that as of March 31, 2020: 1) The company has a current ratio of 0.88, indicating it has insufficient current assets to cover its current liabilities. 2) It has a working capital deficit of ₹212,577,000. 3) The company's current assets consist of 29.1% cash, 44.8% accounts receivable, and 14.2% closing stocks. Its total current assets are ₹1,573,978,000 which is 88.1% of total assets.

Uploaded by

Hercule P Oirot
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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M/S Satendra Provision Store 31.03.

2020 (Projected)

Current ratio [A/B] 0.88 Working capital [A-B] ₹ -212,577,000.00


Quick ratio [(A-C)/B] 0.74 Debt-to-equity ratio [(G+H)/F] -
Cash ratio [D/B] 0.29 Debt ratio [(G+H)/E] 0.77
Stated in 000s
ASSETS % of ASSETS LIABILITIES & OWNERS' EQUITY % of ASSETS

Current assets Current liabilities   


Cash and cash equivalents [D] 520,478 29.1% Prop Capital 1,376,555 77.1%
Short-term investments 0.0% Sundry creditors 410,000 22.9%
Accounts receivable [I] 800,500 44.8% Income taxes payable - 0.0%
Closing Stocks 253,000 14.2% Accrued retirement and profit-sharing contributions - 0.0%
Deferred income taxes 0.0%
Prepaid expenses and other current assets 0.0%
Total current assets [A] ₹ 1,573,978.00 88.1% Total current liabilities [B] ₹ 1,786,555.00 100.0%

Fixed assets Other liabilities


Property, plant and equipment at cost 236,196 13.2% Long-term debt [G] - 0.0%
Less accumulated depreciation 23,619 1.3% Accrued retirement costs - 0.0%
Total fixed assets ₹ 212,577.00 11.9% Deferred income taxes - 0.0%
Deferred credits and other liabilities - 0.0%
Other assets
Long-term cash investments - 0.0%
Equity investments - 0.0%
Deferred income taxes - 0.0%
Other assets - 0.0%
Total other assets ₹ - 0.0% Total other liabilities ₹ - 0.0%
Total assets [E] ₹ 1,786,555.00 100.0% Total liabilities ₹ 1,786,555.00 100.0%
Total owners' equity [F] ₹ - 0.0%
Total liabilities + owners' equity ₹ 1,786,555.00 100.0%

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