Answers
Q-1) | Net worth = Total assets-Total liabilities = (1500+2350+335000+18500+8500+40900+3200)-(278600+8600+14300+1750+26200) = | $ 80,500 |
Q-2) | Cash surplus/deficit = 72400-7550-19500-4200-9100+400-8450-6600-5000-5500 = | $ 6,900 |
Q-3) | Solvency ratio for the current year = Net worth/Total assets = 80500/(1500+2350+335000+18500+8500+40900+3200)= | 19.64% |
As the solvency ratio was 42% the previous year, | ||
*there is a drastic decline from the previous year. |
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