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

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

Published on: 03/06/2021

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Questions:

Generic 5

2 x 5 = 10

Calculate trend percentages for the following particulars of Palai Ltd

Particulars	Rs.in lakhs
	Year 1	Year 2	Year 3
I EQUITY AND LIABILITIES
Shareholders’ fund	250	275	300
Non-current liabilities	100	125	100
Current liabilities	50	40	80
Total	400	440	480
II ASSETS
Non-current assets	300	360	390
Current assets	100	80	90
Total	400	440	480

Prepare common-size statement of financial position of Saleem Ltd as on 31^st March, 2017 and 31^st March, 2018.

Particulars	31^stMarch2017	31^st March 2018
	Rs.	Rs.
I EQUITY AND LIABILITIES
1. Shareholders’ fund
a) Share capital	5,00,000	6,00,000
b) Reserves and surplus	4,00,000	3,60,000
2. Non-current liabilities
Long-term borrowings	8,00,000	2,40,000
3. Current liabilities
Trade payables	3,00,000
Total	20,00,000	12,00,000
II ASSETS
1. Non-current assets
a) Fixed assets	10,00,000	6,00,000
b) Non – current investments	5,00,000	2,40,000
2. Current assets
Inventories	3,00,000	1,20,000
Cash and cash equivalents	2,00,000	2,40,000
Total	20,00,000	12,00,000

Generic 3

1 x 3 = 3

From the following information, calculate trend percentages for Mullai Ltd

Particulars	Rs.in lakhs
	2015-16	2016-17	2017-18
Revenue from operations	100	120	160
Other income	20	24	20
Expenses	20	14	40
Income tax	30%	30%	30%

Generic 2

2 x 2 = 4

From the following particulars, prepare comparative income statement of Daniel Ltd.

Particulars	2015-16 Rs.	2016-17 Rs.
Revenue from operations	40,000	50,000
Operating expenses	25,000	27,500
Income tax (% of the profit before tax)	30	30

From the following particulars, prepare comparative income statement of Arul Ltd.

Particulars	2015-16 Rs.	2016-17 Rs.
Revenue from operations	50,000	60,000
Other income	10,000	30,000
Expenses	40,000	50,000

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Answers Key:

Generic 5

2 x 5 = 10

Particulars	Rs.in lakhs			Trend percentages
	Year 1	Year 2	Year 3	Year 1	Year 2	Year 3
I EQUITY AND LIABILITIES
Shareholders’ fund	250	275	300	100	110	120
Non-current liabilities	100	125	100	100	125	100
Current liabilities	50	40	80	100	80	160
Total	400	440	480	100	110	120
II ASSETS
Non-current assets	300	360	390	100	120	130
Current assets	100	80	90	100	80	90
Total	400	440	480	100	110	120

Common-size balance sheet of Saleem Ltd as on 31^st March, 2017 and 31^st March, 2018
Particulars	Absolute amount on 31st March 2017	Percentage of total assets on 31st March 2017	Absolute amount on 31st March 2018	Percentage of total assets on 31st March 2018
	Rs.		Rs.
I EQUITY AND LIABILITIES
1. Shareholders’ fund
a) Share capital	5,00,000	25	6,00,000	50
b) Reserves and surplus	4,00,000	20	3,60,000	30
2. Non-current liabilities
Long-term borrowings	8,00,000	40	2,40,000	20
3. Current liabilities
Trade payables	3,00,000	15	-	-
Total	20,00,000	100	12,00,000	100
II ASSETS
1. Non-current assets
a) Fixed assets	10,00,000	50	6,00,000	50
b) Non – current investments	5,00,000	25	2,40,000	20
2. Current assets
Inventories	3,00,000	15	1,20,000	10
Cash and cash equivalents	2,00,000	10	2,40,000	20
	20,00,000	100	12,00,000	100

Generic 3

1 x 3 = 3

**Trend analysis for Mullai Ltd**
Particulars	Rs.in lakhs			Trend percentages
	2015-16	2015-16	2017-18	2015-16	2016-17	2017-18
Revenue from operations	100	120	160	100	120	160
Add: Other income	20	24	20	100	120	100
Total revenue	120	144	180	100	120	150
Less: Expenses	20	14	40	100	170	200
Profit before tax	100	130	140	100	130	140
Less: Income tax (30%)	30	39	42	100	130	140
Profit after tax	70	91	98	100	130	140

Generic 2

2 x 2 = 4

Comparative income statement of Daniel Ltd for the year ended 2016 and 2017
Particulars	2015-16 Rs.	2016-17 Rs.	Absolute amount of increase (+) or decrease (-) Rs.	Percentage increase (+) or decrease (-)
Revenue from Operations	40,000	50,000	+ 10,000	+ 25
Less: Operating expenses	25,000	27,500	+ 2,500	+ 10
Profit before tax	15,000	22,500	+ 7,500	+ 50
Less: Income tax	4,500	6750	+ 2,250	+ 50
Profit after tax	10,500	15,750	+ 5,250	+ 50

Note:
Percentage increase for revenue from operations = \(\frac{10,000}{40,000}\) x 100 = 25%
Percentage increase for operating expenses = \(\frac{2,500}{25,000}\) x 100 = 10%
Percentage increase for profit before tax = \(\frac{7,500}{15,000}\) x 100 = 50%
Percentage increase for income for Income tax = \(\frac{2250}{4500}\) x 100 = 50%
Percentage increase for profit after tax = \(\frac{5250}{10,500}\) x 100 = 50%

Comparative income statement of Arul Ltd for the years ended 31^st March 2016 and 31^st March 2017
Particulars	2015-16	2016-17	Absolute amount of increase (+) or decrease (-)	Percentage increase (+) or decrease (-)
Revenue from Operations	50,000	60,000	+10,000	+20
Add: Other income	10,000	30,000	+20,000	+200
Total revenue	60,000	90,000	+30,000	+50
Less: Expenses	40,000	50,000	+10,000	+25
Profit before tax	20,000	40,000	+20,000	100

Note:
Computation of percentage increase for revenue form operations = \(\frac{10,000}{50,000}\times100\) = 20%
Percentage increase for other incomes = \(\frac{20,000}{10,000}\times100\) = 200%
Percentage increase for expenses = \(\frac{10,000}{40,000}\times100\) = 25%