what is npa?
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A debt obligation where the borrower has not paid any
previously agreed upon interest and principal repayments to
the designated lender for an extended period of time. The
nonperforming asset is therefore not yielding any income to
the lender in the form of principal and interest payments
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7 Answers Ceramic Centre, Chartered Accountant,
Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 You are required to calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy