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12th Standard English Medium Accountancy Subject Ratio Analysis Creative 5 Mark Questions with Solution Part - II

12th Standard

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Accountancy

Time : 00:30:00 Hrs
Total Marks : 25
    5 x 5 = 25
  1. Following is the extract of the balance sheet of Hindustan Products Ltd., as on 31st March 2019.

    Particulars Rs.
    I. EQUITY AND LIABILITIES  
    1. Shareholders' funds  
    (a) Share capital 2,90,000
    (b) Reserves and surplus 60,000
    2. Non-current liabilities  
    Long term borrowings 40,000
    3. Current liabilities  
    (a) Trade payables 1,15,000
    (b) Other current liabilities 15,000
    Total 5,20,000
  2. Calculate (i) Inventory turnover ratio (ii) Trade receivables turnover ratio (iii) Trade payables turnover ratio and (iv) Fixed assets turnover ratio from the following information obtained from Dolphin Ltd.

    Particulars As on 31st March 2017 Rs. As on 31st March 2018 Rs.
    Inventory 70,000 50,000
    Trade receivables 40,000 30,000
    Trade payables 20,000 25,000
    Fixed assets 2,75,000 2,50,000

    Additional information:
    (i) Revenue from operations for the year              Rs.5,25,000
    (ii) Purchases for the year                                  Rs.2,25,000
    (iii) Cost of revenue from operations                    Rs.3,00,000    
    Assume that sales and purchases are for credit

  3. Calculate quick ratio of Babu construction Ltd., from, the information given below

    Particulars Rs.
    Total current liabilities 2,00,000
    Total current assets 4,00,000
    Inventories 70,000
    Prepaid expenses 30,000
  4. From the following Balance Sheet of Luckman Ltd. calculate proprietary ratio:
     

    Balance sheet of Luckman Ltd. as on 31.3.2018
    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 figures obtained from Sun Ltd; calculate the trade payables turnover ratio and credit payment period (in days).

    Particulars Rs.
    Credit purchases during 2018 - 2019 1,00,000
    Trade creditors as on 1.4.2018 20,000
    Trade creditors as on 31.3.2019 10,000
    Bills payable as on 1.4.2018 4,000
    Bills payable as on 31.3.2019 6,000

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