Professional Documents
Culture Documents
Reclassified
12 months
Mar03102007
INR
Restated
12 months
Mar03102008
INR
Reclassified
12 months
Mar03102009
INR
Reclassified
12 months
Mar03102010
INR
Reclassified
12 months
Mar03102011
INR
Revenue
Other Revenue
Total Revenue
252,123.8
1,315,336.3
1,473,292.6
1,023,931.2
1,187,531.2
252,123.8
1,315,336.3
1,473,292.6
1,023,931.2
1,187,531.2
116,230.6
135,893.2
800,261.5
515,074.8
984,214.0
489,078.6
631,859.6
392,071.6
712,253.0
475,278.2
47,317.6
199.9
274,523.5
582.9
283,436.7
1,745.7
251,006.1
1,038.9
256,021.3
1,909.5
10,109.8
14,498.9
41,369.5
62,040.1
42,653.9
22,769.6
44,917.3
59,384.8
44,148.2
49,601.6
72,126.2
378,516.0
350,605.9
356,347.1
351,680.6
Operating Income
63,767.0
136,558.8
138,472.7
35,724.5
123,597.6
(6,340.7)
5,402.9
(937.8)
(45,393.7)
5,192.9
(40,200.8)
(37,906.9)
4,440.0
(33,466.9)
(34,943.0)
2,835.4
(32,107.6)
(32,070.4)
3,661.5
(28,408.9)
791.8
1,681.6
5,782.9
1,260.9
105,083.4
607.2
266.6
1,268.6
(292.0)
105,879.6
4,593.5
663.6
545.5
(7,487.4)
88,910.4
(40,945.3)
Interest Expense
Interest and Invest. Income
Net Interest Exp.
Income/(Loss) from Affiliates
Currency Exchange Gains (Loss)
Other Non0Operating Inc. (Exp.)
EBT Excl. Unusual Items
Restructuring Charges
Impairment of Goodwill
Gain (Loss) On Sale Of Invest.
Gain (Loss) On Sale Of Assets
Asset Writedown
Other Unusual Items
EBT Incl. Unusual Items
835.9
64,456.9
(1,530.3)
263.6
107.1
300.8
2,543.6
2,505.8
449.4
(16,837.2)
(362.4)
12,947.5
1,090.0
23,102.1
624.7
63,922.0
57,464.4
165,392.2
150.1
68,039.6
147.2
1,578.6
121,683.1
21,474.1
42,447.9
40,493.0
124,899.2
18,940.0
49,099.6
21,518.4
(19,939.8)
32,459.0
89,224.1
42,447.9
124,899.2
49,099.6
(19,939.8)
89,224.1
8,945.9
1,003.8
(279.1)
(675.2)
41,772.7
(1,399.4)
123,499.8
409.4
49,509.0
(152.4)
(20,092.2)
602.8
89,826.9
259.6
1,280.5
536.8
45.4
41,772.7
123,240.2
48,228.5
(20,629.0)
89,781.5
Share Price
Dividends per Share
630
13.0
438
16.0
501
16.0
648
8.0
561
12.0
Authorized Shares
Issued Shares
Outstanding Shares
1,000
850
731
1,000
900
731
1,000
900
887
1,100
950
902
1,100
975
959
646.1
646.1
697.0
756.7
729.9
867.6
827.9
827.9
906.6
969.9
Restated
Mar03102007
INR
Restated
Mar03102008
INR
Restated
Mar03102009
INR
Restated
Mar03102010
INR
Restated
Mar03102011
INR
108,879.6
38,000.0
146,879.6
42,318.6
11,337.4
53,656.0
61,483.6
33,977.4
95,461.0
68,151.1
19,312.4
87,463.5
108,590.5
31,592.8
140,183.3
Accounts Receivable
Other Receivables
Notes Receivable
Total Receivables
16,865.3
11.6
186,978.2
89.6
130,316.3
68.1
115,124.4
76.3
16,876.9
187,067.8
130,384.4
115,200.7
148,119.2
537.6
26,428.3
175,085.1
Inventory
Other Current Assets
38,881.3
19,803.4
230,643.4
154,598.1
216,684.2
129,987.3
186,866.4
68,498.9
240,552.4
9,068.8
231,935.6
(90,494.5)
141,441.1
996,832.5
(594,024.5)
402,808.0
1,035,080.4
(591,828.2)
443,252.2
1,019,525.0
(571,571.4)
447,953.6
1,055,109.5
(571,819.9)
483,289.6
126,975.0
2,196.6
764.2
20,795.6
180,499.6
7,236.8
29,065.9
153,649.2
9,806.4
33,850.5
145,418.2
10,004.7
69.3
2,097.7
102.6
1,556.3
11,159.4
1,250,123.6
761.2
1,054.8
5,784.3
1,215,890.9
1,488.3
45,795.6
152,982.0
16,725.5
57,878.6
1,755.6
1,178.3
30,387.5
1,354,882.3
Balance Sheet
Balance Sheet as of:
Currency
ASSETS
Cash And Equivalents
Short Term Investments
Total Cash & ST Investments
495,985.1
1,015.0
1,097,759.8
Accounts Payable
Accrued Exp.
Short0term Borrowings
Curr. Port. of LT Debt
Curr. Port. of Cap. Leases
Curr. Income Taxes Payable
Other Current Liabilities
17,944.7
15,567.6
3,958.8
106,528.7
51,420.6
4,886.8
105,661.2
58,574.7
2,851.6
156,288.1
56,592.7
2,046.3
5,639.9
36,085.4
22,542.3
147,695.9
13,972.2
124,132.0
11,853.2
75,132.5
245,252.3
44.2
527,199.4
4,161.2
586,131.7
10,021.7
521,148.8
7,808.4
7,928.7
11,357.6
343,779.2
24,646.8
10,975.1
900,056.8
17,855.5
10,598.7
929,799.3
18,029.4
11,880.8
860,780.2
484,082.8
8,424.1
1,774.8
27,670.6
21,881.8
40,036.2
990,354.2
5,800.0
22,593.6
107,732.6
54,725.2
7,299.1
63,921.4
160,287.3
54,726.6
7,299.2
61,127.7
189,504.0
8,865.4
140,315.0
155,831.9
9,585.4
182,104.2
223,352.9
10,095.8
55,506.8
(35,514.7)
(76,873.4)
(59,403.4)
5,983.9
8,327.0
8,948.8
8,840.7
8,889.0
Total Equity
152,205.9
350,066.8
286,091.6
236,979.6
364,528.1
495,985.1
1,250,123.6
1,215,890.9
1,097,759.8
1,354,882.3
12 months
Mar03102007
INR
Restated
12 months
Mar03102008
INR
Restated
12 months
Mar03102009
INR
Restated
12 months
Mar03102010
INR
Restated
12 months
Mar03102011
INR
41,772.7
10,021.0
88.8
10,109.8
123,499.8
42,617.7
1,236.8
43,854.5
49,509.0
38,532.9
1,433.5
39,966.4
(20,092.2)
42,199.0
1,896.2
44,095.2
89,826.9
42,722.2
45.3
42,767.5
1,172.0
(107.1)
(262.6)
980.8
(1,176.4)
(9,601.3)
(6,399.5)
26.3
(2,543.6)
(954.1)
2,271.2
(9,990.8)
38,585.3
(27,013.4)
0.1
(449.4)
(1,940.7)
43,182.3
23,843.3
30,034.2
10,123.0
27.3
(1,090.0)
(10,360.7)
16,837.2
26,587.8
21,189.6
18,842.4
1,764.6
(1,003.8)
(7,364.4)
(22,823.0)
29,464.7
(44,736.9)
(48,885.1)
Long0Term Debt
Capital Leases
Unearned Revenue, Non0Current
Pension & Other Post0Retire. Benefits
Def. Tax Liability, Non0Curr.
Other Non0Current Liabilities
Total Liabilities
Pref. Stock, Convertible
Common Stock
Additional Paid In Capital
Retained Earnings
Treasury Stock
Comprehensive Inc. and Other
Minority Interest
160,380.7
35,471.1
5,808.5
107,455.3
1,017.3
11,512.2
84,838.8
Cash Flow
For the Fiscal Period Ending
Currency
Net Income
Depreciation & Amort.
Amort. of Goodwill and Intangibles
Depreciation & Amort., Total
Other Amortization
(Gain) Loss From Sale Of Assets
(Gain) Loss On Sale Of Invest.
Asset Writedown & Restructuring Costs
Other Operating Activities
Change in Acc. Receivable
Change In Inventories
18,541.7
(33,798.7)
(37,309.1)
8,985.3
16,114.2
55,030.1
133,936.5
156,959.1
105,021.9
55,124.7
(29,751.1)
480.3
(6,686.2)
(84,197.3)
4,230.5
(407,404.5)
(84,337.4)
726.8
(1,827.5)
(71,495.1)
2,023.6
(3,538.0)
(132,094.3)
19,639.2
(27,533.9)
21,067.5
(95,883.9)
2,524.3
(646.7)
28,780.1
(14,130.8)
5,169.0
(162,882.3)
5,747.6
(461,984.5)
4,753.0
(108,219.0)
4,939.2
(47,002.8)
3,517.6
(75,839.4)
227,607.1
227,607.1
524,653.0
524,653.0
105,085.2
105,085.2
100,383.8
100,383.8
394,297.5
394,297.5
(24,209.7)
(24,209.7)
(354,580.6)
(354,580.6)
(84,571.2)
(84,571.2)
(127,250.1)
(127,250.1)
(341,388.4)
(341,388.4)
13,987.9
48,853.2
54,725.2
144.0
1.4
24,464.7
58,786.1
(13,209.1)
(7,162.1)
(7,168.2)
(9,478.2)
(9,478.2)
(12,266.2)
(12,266.2)
(13,209.1)
(7,162.1)
(5,414.3)
204,802.8
(58,746.8)
205,425.8
(35,940.9)
(27,547.7)
(35,739.3)
(51,350.0)
(44,802.2)
59,730.9
96,950.6
(122,622.2)
21,192.4
6,669.1
1,429.2
40,445.4
(7,168.2)
12 months
Mar03102012
INR
1,328,997.0
1,328,997.0
868,842.7
460,154.3
277,711.1
816.3
45,166.5
56,409.5
380,103.4
80,050.9
(38,846.0)
5,565.2
(33,280.8)
2,681.1
(430.6)
2,624.8
51,645.4
38,009.1
(74.1)
(1,049.5)
88,530.9
36,364.6
52,166.3
52,166.3
1,731.4
53,897.7
1,735.1
52,162.6
403
12.0
1,200
1,020
971
961.0
1,003.1
Mar-31-2012
INR
108,015.8
13,983.7
121,999.5
148,784.8
309.5
25,380.0
174,474.3
255,980.0
13,325.2
1,252,294.5
(661,088.1)
591,206.4
24,947.0
173,546.1
29,393.5
47,078.2
614.4
800.4
39,036.6
1,472,401.6
177,089.5
40,563.3
3,361.8
142,224.5
999.0
12,136.7
99,105.0
443,711.9
8,670.5
1,813.3
28,556.7
25,038.5
47,783.9
1,031,054.6
9,712.1
188,764.0
262,128.2
(30,393.1)
11,135.8
441,347.0
1,472,401.6
12 months
Mar03102012
INR
53,897.7
43,562.4
1,378.0
44,940.4
452.1
74.1
(33,684.4)
1,049.5
34,518.3
8,887.1
4,077.2
(1,374.2)
112,837.8
(121,360.3)
1,773.9
7,214.7
71,264.8
4,443.9
(36,663.0)
188,267.5
188,267.5
(235,490.4)
(235,490.4)
13,450.3
(11,639.4)
(11,639.4)
(37,631.2)
(83,043.2)
6,338.7
(529.7)
Test Time
2 Hours
12 months
Mar-31-2010
12 months
Mar-31-2011
12 months
Mar-31-2012
Average
1 Please ensure you are using excel linking to arrive at your answers (no hardcoding allowed)
2
Please ensure that the formulas created in excel are standardized (draggable if used in next cells, have no hardcoded
numbers and are the best available approach)
We recommend usage of IFERROR, IF and other standardized formulae to make the spreadsheet clean and error
free (no value errors).
Median
7
Firm A has a Return on Equity (ROE) equal to
24%, while firm B has an ROE of 15% during the
same year. Both firms have a total debt ratio
(D/V) equal to 0.8. Firm A has an asset turnover
ratio of 0.9, while firm B has an asset turnover
ratio equal to 0.4. From this we know that
a. Firm A has a higher profit margin than firm B
b. Firm B has a higher profit margin than firm A
c. Firm A and B have the same profit margin
d. Firm A has a higher equity multiplier than firm
B
e.IfYou
needhas
more
information
to sayaanything
a firm
$100
in inventories,
current ratio
about
the
firm's
profit
margin
equalto1.2,andaquickratioequalto1.1,whatis
8
thefirm'sNetWorkingCapital?3.Ifafirmhas$100
in inventories, a current ratio equal to 1.2, and a
quick ratio equal to 1.1, what is the firm's Net
WorkingCapital?
a.$0
b.$100
c.$200
d.$1,000
9 e.$1,200
###
YouhavebeenhiredasananalystforGoldmanSachsandyourteamisworkingonanindependentassessmentof
ABC.ABCInc.isafirmthatspecializesintheproductionoffreshlyimportedfarmproductsfromFrance.Your
assistanthasprovidedyouwiththefollowingdataforABCIncandtheirindustry.
Ratio
Long-termdebt
InventoryTurnover
Depreciation/TotalAssets
Dayssalesinreceivables
DebttoEquity
ProfitMargin
TotalAssetTurnover
QuickRatio
CurrentRatio
2016
0.45
62.65
0.25
113
0.75
0.082
0.54
1.028
1.33
2015
0.4
42.42
0.014
98
0.85
0.07
0.65
1.03
1.21
2014
0.35
32.25
0.018
94
0.9
0.06
0.7
1.029
1.15
2016 Industry
Average
0.35
53.25
0.015
130.25
0.88
0.075
0.4
1.031
1.25
TimesInterestEarned
EquityMultiplier
0.9
1.75
4.375
1.85
4.45
1.9
4.65
1.88
a.Intheannualreporttotheshareholders,theCEOofABCwrote,2014wasagoodyearforthefirmwithrespecttoourabilitytomeetourshortAnswerA.
b.Whatcanyousayaboutthefirm'sassetmanagement?Beascompleteaspossiblegiventheaboveinformation,butdonotuseanyirrelevantinfo
AnswerB.
c.Youareaskedtoprovidetheshareholderswithanassessmentofthefirm'ssolvencyandleverage.Beascompleteaspossiblegiventheabovein
AnswerC.
###
A firm has an average collection period of 10 days. The industry average ACP is 25 days. Is this a good or poor sign about the management of th
###
A firm has a debt ratio of 20%. The industry average debt ratio is 65%. Is this a good or poor sign about the management of the firms financia
###
A firm has an ROE of 20%. The industry average ROE is 12%. Is this a good or poor sign about the management of the firm?
###
Classify each of the following ratios according to a ratio category (liquidity ratio, asset management ratio, debt management ratio, profitability
a.Currentratio
b.Inventoryturnoverratio
c.Returnonassets
d.Accountspayableperiod
e.Timesinterestearned
f.Equitymultiplier
g.Basicearningspowerratio
15
Foreachoftheactionslistedbelow,determinewhatwouldhappentothecurrentratio.Assumenothingelseonthebalancesheetchangesandthatnetwo
a.Accountsreceivablearepaidincash
b.Notespayablearepaidoffwithcash
c.Inventoryissoldonaccount
d.Inventoryispurchasedonaccount
e.Accruedwagesandtaxesincrease
f.Long-termdebtispaidwithcash
g.Cashfromashort-termbankloanisreceived
16
AfirmhasanROEof10%.TheindustryaverageROEis15%.HowcantheDuPontsystemofanalysishelpthefirmsmanagersidentifythereasonsfor
ed Below).
meetourshort-termobligations.Wehadhigherliquiditylargelyduetoanincreaseinhighlyliquidcurrentassets(cash,accountreceivablesandshort-termmarketable
rrelevantinformation.
ntheaboveinformation,butdonotuseanyirrelevantinformation.
ndthatnetworkingcapitalispositive.
ereasonsforthisdifference?
ermmarketablesecurities).IstheCEOcorrect?Explainanduseonlyrelevantinformationinyouranalysis.