NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Financial Accounting & Analysis
Internal Assignment Applicable for June 2019 Examination
1. An investor wants to tests the financial position of Asian Paints Ltd. Thus, he wants to assess the short term liquidity as well as long term solvency. Discuss the four relevant ratio’s which he will definitely look into.
2. Discuss the components of Other Income under the statement of Profit and Loss accounts of any Indian Corporate. How other income is different from revenue from normal operations under the vertical format. (10 Marks)
3. The following information is provided by a dealer in computer chips. The dealer follows FIFO method for valuing stock, calculate from the following figures –
Date
particulars
April 1, 2019
Opening stock 750 chips @Rs1550 per chip
Purchases
April 10, 2019
1000 chips @Rs1750 per chip
April 20, 2019
1650 chips @ Rs1875 per chip
Sales
April 15, 2019
900 chips @Rs3000 per chip
April 16, 2019
1950 chips @ Rs 3250 per chip
a) Cost of goods available for sale (5 Marks) b) Gross profit (5 Marks)
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