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Question 43 Chapter 4 of +2-B
43. From the following Balance Sheet of ABC Ltd. As at 31st March 2019, calculate Debt to Equity Ratio:
| Particulars | Amount Rs. | |
| I. Equity and Liabilities | ||
| 1. Shareholders’ Funds | ||
| (a) Share Capital | ||
| (i) Equity Share Capital | 5,00,000 | |
| (ii) 10% Preference Share Capital | 5,00,000 | 10,00,000 |
| (b) Reserves and Surplus | 2,40,000 | |
| 2. Non-Current Liabilities | ||
| (a) Long-term borrowings (Debentures) | 2,50,000 | |
| 3. Current Liabilities | ||
| (a) Trade Payables | 4,30,000 | |
| (b) Other current Liabilities | 20,000 | |
| (c) Short-term Provision | 3,00,000 | |
| Total | 22,40,000 | |
| II. Assets | ||
| 1.Non-Current Assets | ||
| (a) Fixed Assets: | ||
| (i) Tangible Assets | 6,40,000 | |
| (ii) Intangible Assets | 1,00,000 | |
| 2. Current Assets | ||
| (a)Inventories | 7,50,000 | |
| (b) Trade receivable | 6,40,000 | |
| (c) Cash and Cash equivalents | 1,10,000 | |
| Total | 22,40,000 |
| Equity | = | Equity Share Capital + 10% Preference Share Capital + Reserves and Surplus |
| = | Rs. 5,00,000 + Rs. 5,00,000 + Rs. 2,40,000 | |
| Equity | = | Rs. 12,40,000 |
| Debt | = | Long-Term Borrowings(Debentures) |
| Debt | = | Rs. 2,50,000 |
| Debt to Equity Ratio | = | Debts | = | Rs. 2,50,000 |
| Equity | Rs.12,40,000 | |||
| = | 0.2: 1 |
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Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
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