Corporate Finance (CF)
Dayanada Sagar University( DSU)
EMBA II Trimister
Date of assignment : 30th July 2020
1) MassMutual Ltd presents its balance sheet as on 3.31.2020 and 3.31.2019 ( 15 marks)
Balance Sheet |
3.31.2020 |
3.31.2019 |
Sources of Funds |
|
|
Shareholder funds |
2,377 |
1,472 |
Loan Funds |
3,570 |
3,083 |
5,947 4,555
Application of funds
Fixed assets |
3,466 |
2,900 |
Cash and Bank Balance |
489 |
470 |
Debtors |
1,495 |
1,168 |
Stock |
2,867 |
2,407 |
Other Current assets |
1,567 |
1,407 |
Less Current Liability |
(3,937) |
(3,794) |
|
5,947 |
4,555 |
Income Statement of the MassMutual Limited for year ended is as follows
Income Statement
|
3.31.2020 |
3.31.2019 |
Sales |
22,165 |
13,882 |
Less Cost of goods sold |
(20,860) |
(12,544) |
Gross Profit |
1,305 |
1,308 |
Les Selling , general and admin expenses |
(1,135) |
(752) |
EBIT(Earnings Before Interest and Tax) |
170 |
586 |
Less Interest Expenses |
(113) |
(105) |
Profit Before tax |
57 |
481 |
Less Tax (23) (192)
Profit after Tax( PAT) 34 289
Prepare
1) Cash Flow Statement
2) Inventory turn over ratio
3) Financial Leverage
4) Return on Investment
5) Current Ratio and Quick ratio
6) Debtor turn over ratio
7) Gross Profit ratio
8) Working capital ratio
9) Return on Equity ( ROE)
10) Average collection period
2) Bring out distinction between Profit maximisation and Wealth maximization with some of the live examples by the company to maximise wealth of shareholder ( 5 marks)
3) State role of CFO Chief Financial Officer in MassMutual limited ( 5 marks)
- Teacher: Dr. Abhijeet Chakraborty
- Teacher: Prof. Ravi Iyer