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12th Standard English Medium Accountancy Subject Ratio Analysis Book Back 2 Mark Questions with Solution Part - I

12th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 10

    Part I

    5 x 2 = 10
  1. Calculate quick ratio of Ananth Constructions Ltd from the information given below.

    Particulars Rs.
    Total current liabilities 1,00,000
    Total current assets 2,50,000
    Inventories 50,000
    Prepaid expenses 15,000
  2. Following is the balance sheet of Magesh Ltd. as on 31st March, 2019:

    Particulars Rs.
    I EQUITY AND LIABILITIES  
    1. Shareholders’ funds  
      Equity share capital 2,00,000
    2. Non-current liabilities  
      Long term borrowings 50,000
    3. Current liabilities  
      (a) Short-term borrowings 17,000
      (b) Trade payables 25,000
      (c) Other current liabilities  
         Expenses payable 3,000
      (d) Short-term provisions 5,000
    Total 3,00,000
    II ASSETS Rs.
    1. Non-current assets  
    Fixed assets  
      (a) Tangible assets 1,50,000
      (b) Trade receivables 70,000
      (c) Cash and cash equivalents 30,000
      (d) Other current assets  
         Prepaid expenses 5,000
    Total 3,00,000

    Calculate:
    (i) Current ratio
    (ii) Quick ratio

  3. From the following information, calculate debt equity ratio:

    Balance sheet (Extract) as on 31.03.2018
    Particulars Rs.
    I EQUITY AND LIABILITIES  
    1. Shareholders' funds  
      (a) Share capital  
         Equity share capital 1,00,000
      (b) Reserves and surplus 60,000
    2. Non-current liabilities  
      Long-term borrowings (Debentures) 80,000
    3. Current liabilities  
      (a) Trade payables 50,000
      (b) Other current liabilities  
          Outstanding expenses 30,000
    Total 3,20,000
  4. From the following Balance Sheet of Pioneer Ltd. calculate proprietary ratio:

    Balance sheet of Pioneer Ltd. as on 31.3.2019
    Particulars Rs.
    I EQUITY AND LIABILITIES  
    1. Shareholders' funds  
      (a) Share capital  
        (i) Equity share capital 1,00,000
        (ii) Preference share capital 75,000
    (b) Reserves and surplus 25,000
    2. Non-current liabilities  
        Long-term borrowings -
    3. Current liabilities  
      Trade payables 2,00,000
    Total 4,00,000
    II ASSETS  
    1. Non-current assets  
      (a) Fixed assets 2,75,000
      (b) Non-current investments 50,000
    2. Current assets  
      Cash and Cash equivalents 75,000
    Total 4,00,000
  5. From the following information calculate capital gearing ratio:

    Balance Sheet (Extract) as on 31.03.2018
    Particulars Rs.
    I EQUITY AND LIABILITIES  
    1. Shareholders' funds  
      (a) Share capital  
        Equity share capital 2,00,000
        6% Preference share capital 1,00,000
      (b) Reserves and surplus  
        General reserve 1,25,000
        Surplus 75,000
    2. Non-current liabilities  
        Long-term borrowings (8% Debentures) 2,00,000
    3. Current liabilities  
        Trade payables 1,50,000
        Provision for tax 50,000
    Total 9,00,000

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