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Question

Refer tha data in the table below:

Particulars2004−052005−06Shareholders' funds10,00,00010,00,000Trade payables2,40,0001,80,000Short term debt8,00,0006,00,000Long term debt9,02,0007,74,00029,42,00025,54,000Fixed Assets26,20,00022,50,000Trade Receivables2,50,0002,75,000Cash72,00029,00029,42,00025,54,000

Calculate the % change in long term debt.


A

Decrease of 10.19 %

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B

Decrease of 14.19%

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C

Decrease of 60.20%

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D

None of these

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Solution

The correct option is B

Decrease of 14.19%


% Change in Long Term Debt = 7,74,0009,02,0009,02,000=1,28,0009,02,000=0.1419 i.e. Decrease of 14.19 %


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