Prepare Common-Size Balance Sheet and comment on the financial position of Sun Ltd. and Star Ltd. The Balance Sheets of Sun Ltd. and Star Ltd. as at 31st March, 2024 are:
Prepare Common-Size Balance Sheet and comment on the financial position of Sun Ltd. and Star Ltd. The Balance Sheets of Sun Ltd. and Star Ltd. as at 31st March, 2024 are:
[Ans.:]
| Particulars | Sun Ltd. (₹) | Star Ltd. (₹) |
| I. EQUITY AND LIABILITIES | ||
| 1. Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus | 9,00,000 4,00,000 | 12,00,000 3,50,000 |
| 2. Current Liabilities Trade Payables (Creditors) | 2,00,000 | 2,50,000 |
| Total | 15,00,000 | 18,00,000 |
| II. ASSETS | ||
| 1. Non-Current Assets Property, Plant and Equipment and Intangible Assets: Property, Plant and Equipment | 10,00,000 | 16,00,000 |
| 2. Current Assets Trade Receivables (Debtors) | 5,00,000 | 2,00,000 |
| Total | 15,00,000 | 18,00,000 |
| Particulars | Sun Ltd (%) | Star Ltd (%) |
| Share Capital | 60.00 | 66.67 |
| Reserves and Surplus | 26.67 | 19.44 |
| Current Liabilities | 13.33 | 13.89 |
| Non-Current Assets | 66.67 | 88.89 |
| Current Assets | 33.33 | 11.11 |
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