Financial Statement Analysis 3 Marks Questions

12th Standard EM

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Accountancy

Time : 00:45:00 Hrs
Total Marks : 30
    10 x 3 = 30
  1. From the following particulars of Kumar Ltd, prepare a common-size income statement for
    the year ended 31st March, 2018.

    Particulars 2017-18
      RS.
    Revenue from operations 5,00,000
    Other income 20,000
    Expenses 3,00,000
  2. From the following particulars of Mani Ltd an Kani Ltd prepare a common-size income
    statement for the year ended 31st March, 2019

    Particulars Mani Ltd Kani Ltd
      Rs. Rs.
    Revenue from operations 2,00,000 2,50,000
    Other income 30,000 25,000
    Expenses 1,10,000 1,25,000
  3. From the following particulars of Siva Ltd, prepare common size income statement for the
    years ended 31st March, 2016 and 31st March, 2017.

    Particulars 2015-16 2016-17
      Rs. Rs.
    Revenue from operations 2,00,000 3,00,000
    Other income 25,000 75,000
    Expenses 2,50,000 1,50,000
    Income tax % 40 40
  4. Prepare common-size balance sheet of Maria Ltd. as on 31st March, 2018.

    Particulars 31st March 2018
      Rs.
    I EQUITY AND LIABILITIES  
    Shareholders’ funds 4,00,000
    Non-current liabilities 3,20,000
    Current liabilities 80,000
    Total 8,00,000
    II ASSETS  
    Non-current assets 6,00,000
    Current assets 2,00,000
    Total 8,00,000
  5. Prepare common-size balance sheet of Sharmila Ltd. and Sangeetha Ltd. as on 31st March,
    2019.

    Particulars Sharmila Ltd Sangeetha Ltd
      Rs. Rs.
    I EQUITY AND LIABILITIES    
    Shareholders’ funds 5,00,000 11,00,000
    Non-current liabilities 4,00,00 7,00,000
    Current liabilities 1,00,000 2,00,000
    Total 10,00,000 20,00,000
    II ASSETS    
    Non-current assets 6,50,000 18,00,000
    Current assets 3,50,000 2,00,000
    Total 10,00,000 20,00,000
  6. ‘Financial statements are prepared based on the past data’. Explain how this is a limitation.

  7. Write a short note on cash flow analysis.

  8. Briefly explain any three limitations of financial statements

  9. Explain the steps involved in preparing comparative statement

  10. Explain the procedure for preparing common-size statement

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