10,00.000II. ASSETS1. Non-current Assets(a) Fixed Assets() Tangible Assets2. Current Assets(a) Inventories(b) Trade Receivables(c) Cash and Cash EquivalentsTotal5613,75,0001,87,50062,50026,25,000731st Mar., 2018Notes to Accounts:Particulars1. Long-term BorrowingsMortgage LoanBank Loan5,00,0005,00,00010.00.0002. Trade PayablesCreditors6,25.0002,50.0003. Other Current LiabilitiesOutstanding Expenses4. Tangible AssetsLand and BuildingPlant and Machinery5,00.0003.75,0001.25,000Furniture10,00.00013.75.0005. InventoriesStock1,87,5006. Trade ReceivablesDebtors62,5007. Cash and Cash EquivalentsCashSandhya Ltd. was able to make revenue from operations (sales) of 50,00,000 and earned 48return, after tax, on total assets. The company's term of purchase is 30 days and its trade payablerepresent 60 days purchases. The company's management wants to obtain a loan from BankBaroda to meet its requirements. You are required to calculate how much bank financing is needeto eliminate overdue trade payables (creditors). Assess the solvency of the company also. (Assum15% rate of interest and 50% tax.)​