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From the ratios and other data given below for Bharat Auto Accessories Ltd indicate your interpretation of the company’s financial position operating efficiency and profitability

From the ratios and other data given below for Bharat Auto Accessories Ltd. indicate your interpretation of the company’s financial position, operating efficiency and profitability.

  Year I Year II Year III
Current Ratio 265% 278% 302%
Acid Test Ratio 115% 110% 99%
Working Capital Turnover (times) 2.75 3.00 3.25
Receivables Turnover 9.83 8.41 7.20
Average Collection Period (Days) 37 43 50
Inventory to Working Capital 95% 100% 110%
Inventory Turnover (times) 6.11 6.01 5.41
Income per Equity Share 5.10 4.05 2.50
Net Income to Net Worth 11.07% 8.5% 7.0%
Operating Expenses to Net Sales 22% 23% 25%
Sales increase during the year 10% 16% 23%
Cost of goods sold to Net Sales 70% 71% 73%
Dividend per share Rs. 3 Rs. 3 Rs. 3
Fixed Assets to Net Worth 16.4% 18% 22.7%
Net Profit on Net Sales 7.03% 5.09% 2.0%

Jun 19 2020 View more View Less

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