3 . From the ratios and other data given below for Bharat Auto Accessories Ltd.

3 . From the ratios and other data given below for Bharat Auto Accessories Ltd.

3 .

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%

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