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12th Standard English Medium Accountancy Subject Ratio Analysis Book Back 3 Mark Questions with Solution Part - II

Published on: 03/06/2021

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Questions:

Generic 3

2 x 3 = 6

State any three advantages of ratio analysis.

What is inventory conversion period? How is it calculated?

Generic 5

1 x 5 = 5

From the following Balance Sheet of Arunan Ltd. as on 31.03.2019 calculate
(i) Debt-equity ratio
(ii) Proprietary ratio and
(iii) Capital gearing ratio.

Balance Sheet of Arunan Ltd. as on 31.03.2019
Particulars	Rs.
I EQUITY AND LIABILITIES
1. Shareholders' funds
(a) Share capital
Equity share capital	1,50,000
8% Preference share capital	2,00,000
(b) Reserves and surplus	1,50,000
2. Non current liabilities
Long term borrowings (9% Debentures)	4,00,000
3. Current liabilities
Short-term borrowings from banks	25,000
Trade payables	75,000
Total	10,00,000
II ASSETS
1. Non-current assets
Fixed assets	7,50,000
2. Current assets
(a) Inventories	1,20,000
(b) Trade receivables	1,00,000
(c) Cash and cash equivalents	27,500
(d) Other current assets
Expenses paid in advance	2,500
Total	10,00,000

Generic 2

2 x 2 = 4

From the following information of Ashika Ltd., calculate fixed assets turnover ratio:
(i) Revenue from operations during the year were Rs.60,00,000.
(ii) Fixed assets at the end of the year was Rs.6,00,000.

The credit revenue from operations of Harini Ltd. amounted to Rs.9,60,000. Its debtors and bills receivable at the end of the accounting period amounted to Rs.1,00,000 and Rs.60,000 respectively. Calculate trade receivable turnover ratio and also collection period in months.

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Answers Key:

Generic 3

2 x 3 = 6

Following are the advantages of ratio analysis:
(i) Measuring operational efficiency : Ratio analysis helps to know operational efficiency of a business by finding the relationship between operating cost and revenues and also by comparison of present ratios with those of the past ratios.
(ii) Intra Firm Comparison: Comparison efficiency of different division of an organisation is possible by comparing the relevant ratio.
(iii) Inter Firm Comparison: Ratio analysis helps the firm to compare its performance with other firms.

(i) Inventory conversion period is the time taken to sell the inventory.
(ii) A shorter inventory conversion period indicates more efficiency in the management of inventory.
(iii) It is computed as follows:
Inventory conversion period (in days)
= \(\frac { Number\ of\ days\ in\ a\ year }{ Inventory\ turnover\ ratio } \)
Inventory conversion period (in months)
= \(\frac { Number\ of\ month\ in\ a\ year }{ Inventory\ turnover\ ratio } \).

Generic 5

1 x 5 = 5

(i) Debt equity ratio = \(\frac{Long\ term\ debt}{Shareholders'funds}\) = \(\frac{4,00,000}{5,00,000}\) = 0.8:1
Long term debt = 9% Debentures = Rs.4,00,000
Shareholders’ funds = Equity share capital + Preference share capital + Reserves and surplus
= 1,50,000 + 2,00,000 + 1,50,000 = Rs.5,00,000
(ii) Proprietary ratio = \(\frac{Shareholders'funds}{Total\ assets}\) = \(\frac{5,00,000}{10,00,000}\) = 0.5:1
(iii) Capital gearing ratio = \(\frac{Funds\ bearing\ fixed interest\ and\ dividend}{Equity\ Shareholders'funds}\) = \(\frac{6,00,000}{3,00,000}\) = 2:1
Funds bearing fixed interest or dividend = 8% Preference share capital + 9% Debentures
= 2,00,000 + 4,00,000 = Rs.6,00,000
Equity shareholders’ funds = Equity share capital + Reserves and surplus
= 1,50,000 + 1,50,000 = Rs. 3,00,000

Generic 2

2 x 2 = 4

Fixed assets turnover ratio = \(\frac{Revenue\ from\ operation}{Average\ i\ xed\ assets}\) = \(\frac{60,00,000}{6,00,000}\) = 10 times

Trade receivables turnover ratio = \(\frac{Credit\ revenue\ from\ operations}{Average\ trade\ receivables}\) = \(\frac{9,60,000}{1,60,000}\) = 6 times
Trade receivables = Debtors + Bills receivable = 1,00,000 + 60,000 = Rs.1,60,000