Q1)What will be the effect
of cash paid for outstanding expenses, if Current Ratio is 1:1?
Q2)What will be the
Operating Ratio, if Operating Profit Ratio is 27.5%?
Q3)A company has Current
Assets of Rs 10,00,000 and Current Liabilities of Rs 6,00,000. Now, if the
company wants to improve its Current Ratio to 2:1, then by what amount the
Current Liabilities need to be changed?
Q4)Sales Rs 6,00,000, Gross
Profit 20% on Cost, Inventory Turnover Ratio is 5 times, and Opening Stock is
Rs 20,000 more than Closing Stock.Calculate Opening Stock and Closing Stock.
Q5)Calculate the
Proprietary Ratio from the following information:
|
Particulars
|
Rs
|
|
Equity
Share Capital
|
5,00,000
|
|
Preference
Share Capital
|
2,00,000
|
|
Debentures
|
4,00,000
|
|
Loan
from Punjab and Sind Bank
|
9,00,000
|
|
General
Reserve
|
2,00,000
|
|
Securities
Premium
|
1,00,000
|
|
Creditors
|
1,00,000
|
|
Investment
|
60,000
|
|
Current
Assets
|
3,40,000
|
|
Plant
and Machinery
|
8,00,000
|
|
Land
and Building
|
12,00,000
|
Q6)Calculate the Gross
Profit Ratio and Net Profit Ratio.
|
Particulars
|
Rs
|
|
Credit
Sales
|
4,00,000
|
|
Cash
Sales
|
25% of Credit Sales
|
|
Gross
Profit
|
25% on Cost
|
|
Net
Profit
|
40% of Gross Profit
|
Q7)Consider the given
Balance Sheet of a limited company.
|
Balance Sheet
as on March 31, 2012
|
||
|
Particulars
|
Note No.
|
Amount
(Rs)
|
|
I. Equity and Liabilities
|
|
|
|
1.
Shareholder’s Funds
|
|
|
|
a. Equity Share Capital
|
|
2,00,000
|
|
b. Reserve and Surplus
|
|
80,000
|
|
2.
Non-Current Liabilities
|
|
|
|
a. Long-Term Borrowings
|
|
2,50,000
|
|
3.
Current Liabilities
|
|
|
|
a. Trade Payable (Creditors)
|
|
70,000
|
|
b. Short-Term Provisions
|
|
20,000
|
|
Total
|
|
6,20,000
|
|
|
|
|
|
II. Assets
|
|
|
|
1.
Non-Current Assets
|
|
|
|
a. Fixed Assets
|
|
|
|
i. Tangible Assets
|
|
3,20,000
|
|
ii. Intangible Assts
|
|
1,80,000
|
|
2.
Current Assets
|
|
|
|
a. Inventories
|
|
52,000
|
|
b. Trade Receivables
|
|
46,000
|
|
c. Cash and Cash
Equivalents
|
|
22,000
|
|
Total
|
|
6,20,000
|
Sales during the year amounted
to Rs 3,60,000. You are required to calculate:
i.
Debt-Equity Ratio
ii.
Working Capital Turnover Ratio
iii.
Current Ratio and Liquid Ratio
iv.
Total Assets to Debt Ratio
Q8)Calculate Current Assets
of a company from the following information.
a. Quick Ratio is 1.5 times
b. Current Liabilities Rs 50,000
c. Sales Rs 5,00,000
d. Gross Profit 20% of Sales
e. Stock Turnover Ratio : 2
times
f. Closing Stock is Rs 10,000,
more than Opening Stock
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