12th Standard English Medium Accountancy Subject Financial Statement Analysis Book Back 5 Mark Questions with Solution Part - I | QB365

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12th Standard English Medium Accountancy Subject Financial Statement Analysis Book Back 5 Mark Questions with Solution Part - I

Published on: 03/06/2021

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Questions:

Generic 3

2 x 3 = 6

From the following particulars, calculate the trend percentages of Kumar Ltd

Particulars	Rs.in thousands
	2015-16	2016-17	2017-18
Revenue from operations	300	270	150
Other income	50	80	60
Expenses	250	200	125
Income tax %	40	40	40

Prepare common-size income statement for the following particulars of Sam Ltd.

Particulars	2015-16 Rs.	2016-17 Rs.
Revenue from operations	4,00,000	5,00,000
Other income	80,000	50,000
Expenses	2,40,000	2,50,000
Income tax	30%	30%

Generic 5

2 x 5 = 10

From the following particulars, calculate the trend percentages of Babu Ltd.

Particulars	Rs.in thousands
	Year 1	Year 2	Year 3
I EQUITY AND LIABILITIES
1. Shareholders’ Fund	100	127	106
b) Reserves and surplus	30	30	45
2. Non-current liabilities
Long-term borrowings	70	77	84
3. Current liabilities
Trade payables	20	30	40
Total	220	264	275
II ASSETS
1. Non-current assets
a) Fixed assets	100	118	103
b) Non current investments	40	50	60
2. Current assets
Inventories	60	66	72
Cash and cash equivalents	20	20	40
	20	30	40
Total	220	264	275

Prepare common-size statement of financial position for the following particulars of Rani Ltd.

Particulars	31st March, 2016	31st March, 2017
	Rs.	Rs.
I EQUITY AND LIABILITIES
Shareholders’ Fund	5,40,000	6,00,000
Non-current liabilities	2,70,000	2,70,000
Current liabilities	90,000	1,50,000
Total	9,00,000	10,00,000
II ASSETS
Non-current assets	7,20,000	8,00,000
Current assets	1,80,000	2,00,000
Total	9,00,000	10,00,000

Generic 2

1 x 2 = 2

From the following particulars, calculate the trend percentages of Kala Ltd.

Particulars	Rs.in thousands
	2015-16	2016-17	2017-18
Revenue from operations	400	500	600
Other income	100	150	200
Expenses	200	290	350

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Answers Key:

Generic 3

2 x 3 = 6

Trend analysis for Kavitha Ltd.
Particular	Rs. in thousands			Trends percentage
Particular	2015-16	2016-17	2017-18	2015-16	2016-17	2017-18
Revenue from operations	300	270	150	100	90	50
Add: Other income	50	80	60	100	160	120
	350	350	210	100	100	60
Less: Expenses	250	200	125	100	80	50
Project before tax	100	150	85	100	150	85
Less Income tax (30%)	40	60	34	100	150	85
Profit after tax	60	90	51	100	150	85

Note: 2016 - 17.
Percentage for Revenue from operation = \(\frac{270}{300}\) x 100 = 90%
Percentage of other income = \(\frac{80}{50}\) x 100 = 160%
Percentage for expenses = \(\frac{200}{250}\) x 100 = 80%
Percentage for before tax = \(\frac{150}{100}\) x 100 = 150%
Percentage for profit after tax = \(\frac{90}{60}\) x 100 = 150%
In 2017 - 18.
Percentage for revenue from operations = \(\frac{150}{300}\) x 100 = 50%
Percentage for other income = \(\frac{60}{50}\) x 100 = 120%
Percentage for expenses = \(\frac{125}{250}\) x 100 = 85%
Percentage for profit before tax = \(\frac{85}{100}\) x 100 = 85%
Percentage for income tax 40% = \(\frac{34}{40}\) x 100 = 85%

Common-size income statement of Sam Ltd for the year ended 31^st March, 2016 and 31^st March, 2017
Particulars	Absolute amount 2015-16	Percentage of revenue from operations for 2015-16	Absolute amount 2016-17	Percentage of revenue from operations for 2016-17
Particulars	Rs.	Rs.	Rs.	Percentage of revenue from operations for 2016-17
Revenue from Operations	4,00,000	100	5,00,000	100
Add: Other income	80,000	20	50,000	10
Total revenue	4,80,000	120	5,50,000	110
Less: Expenses	2,40,000	60	2,50,000	50
Profit before tax	2,40,000	60	3,00,000	60
Less: Income tax (30%)	72,000	18	90,000	18
Profit after tax	1,68,000	42	2,10,000	42

Note: In 2015-16
Percentage for other income = \(\frac{80,000}{4,00,000}\) \(\times\) 100 = 20%
Percentage for Total revenue = \(\frac{4,80,000}{4,00,000}\) \(\times\) 100 = 120%
Percentage for Expenses \(\frac{2,40,000}{4,00,000}\) \(\times\) 100 = 60%
Percentage for Profit before tax = \(\frac{2,40,000}{4,00,000}\) \(\times\) 100 = 60%
Percentage for tax = \(\frac{72,000}{4,00,000}\) x 100 = 18%
Percentage for Profit after tax = \(\frac{1,68,000}{4,00,000}\) \(\times\) 100 = 42%
In 2016-17
\(\frac{50,000}{5,00,000}\) \(\times\) 100 = 10%
\(\frac{5,50,000}{5,00,000}\) \(\times\) 100 = 10%
\(\frac{2,50,000}{5,00,000}\) \(\times\) 100 = 50%
\(\frac{3,00,000}{5,00,000}\) \(\times\) 100 = 60%
\(\frac{90,000}{5,00,000}\) \(\times\) 100 = 18%
\(\frac{2,10,000}{5,00,000}\) \(\times\) 100 = 42%

Generic 5

2 x 5 = 10

Trends analysis for Babu ltd
Particular	Rs. in thousands			Trends percentage
Particular	Year 1	Year 2	Year 3	Year 1	Year 2	Year 3
I Equity and liabilities
1. Shareholder's fund
a. Share capital	100	127	106	100	127	106
b. Reserve and surplus	30	30	45	100	100	150
2. Non-current liabilities
Long-term borrowings	70	77	84	100	110	120
3. Current liabilities
Trade payables	20	30	40	100	150	200
Total	220	264	275	100	120	125
II. Assets
1. Non-current assets
a. Fixed assets	100	118	103	100	118	103
b. Non -investment	40	50	60	100	125	150
2. Current assets
Inventories	60	66	72	100	110	120
Cash and cash equivalents	20	30	40	100	150	200
Total	220	264	275	100	120	125

Common-size balance sheet of Rani Ltd for the year ended 31st March, 2016 and 31st March, 2017
Particulars	Absolute amount 2015-16	Percentage of total assets	Absolute amount 2016-17	Percentage of total assets
Particulars	Rs.	Rs.	Rs.	Percentage of total assets
I Equity and Liabilities
Share holder's funds	5,40,000	60	6,00,000	60
Non-current liabilities	2,70,000	30	2,50,000	25
Current liabilities	90,000	10	1,50,000	15
Total	9,00,000	100	10,00,000	100
II Assets
Non-current assets	7,20,000	80	8,00,000	80
Current assets	1,80,000	20	2,00,000	20
Total	9,00,000	100	10,00,000	100

Note: In 2015-16
Percentage of shareholders fund = \(\frac{5,40,000}{9,00,000}\) x 100 = 60%
Percentage of Non-current liabilities = \(\frac{2,70,000}{9,00,000}\) x 100 = 30%
Percentage of current liabilities = \(\frac{90,000}{9,00,000}\) x 100 = 10%
Percentage of non-current assets = \(\frac{7,20,000}{9,00,000}\) x 100 = 80%
Percentage of current assets = \(\frac{1,80,000}{9,00,000}\) x 100 = 20%
In 2016-17
Percentage of share holders fund = \(\frac{6,00,000}{10,00,000}\) x 100 = 60%
Percentage of Non-current liabilities = \(\frac{2,50,000}{10,00,000}\) x 100 = 25%
Percentage of current liabilities = \(\frac{1,50,000}{10,00,000}\) x 100 = 15%
Percentage of Non-current assets = \(\frac{8,00,000}{10,00,000}\) x 100 = 80%
Percentage of current assets = \(\frac{2,00,000}{10,00,000}\) x 100 = 20%

Generic 2

1 x 2 = 2

Trend analysis for kala ltd
Particulars	Rs. in thousands			Trends percentage
Particulars	2015-16	2016-17	2017-18	2015-16	2016-17	2017-18
Revenue from operations	400	500	600	100	125	150
Add: Other income	100	150	200	100	150	200
Total revenue	500	650	800	100	130	160
Less: Expenses	200	290	350	100	145	175
Profit aftertax	300	360	450	100	120	150

Note: 2016 - 17.
Percentage for Revenue from operations = \(\frac{500}{400}\) x 100 = 125%
Percentage of other income = \(\frac{150}{100}\) x 100 = 150%
Percentage of total revenue = \(\frac{650}{500}\) x 100 = 130%
Percentage for expenses = \(\frac{290}{500}\) x 100 = 145%
Percentage for profit before tax = \(\frac{360}{300}\) x 100 = 120%
In 2017 -18.
Percentage for revenue from operations = \(\frac{600}{400}\) x 100 = 150%
Percentage for other income = \(\frac{200}{100}\) x 100 = 200%
Percentage of total revenue = \(\frac{800}{500}\) x 100 = 160%
Percentage for expenses = \(\frac{350}{200}\) x 100 = 175%
Percentage for profit before tax = \(\frac{450}{300}\) x 100 = 150%