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Question No 53 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
53. The following is the balance sheet of Y Ltd. As an 31st December 2022.
| Liabilities | Amount | Assets | Amount |
| Equity share capital | 2,00,000 | Land and building | 1,50,000 |
| Reserves | 90,000 | Plant and machinery | 80,000 |
| Profit for the year | 60,000 | Stock | 1,40,000 |
| Bank overdraft | 30,000 | Debtors | 80,000 |
| Trade creditors | 1,00,000 | Cash | 30,000 |
| 4,80,000 | 4,80,000 |
Calculate (1) Quick ratio, (2) Return on investment ratio
|
(I) Quick ratio |
= | Quick assets |
| Current liabilities |
| = | 80,000 +30,000 |
| 30,000+1,00,000 |
| = | 1,10,000 |
| 1,30,000 | |
| = | 0.846 : 1 Ans. |
| (ii) Earning before tax and interest | = | 60,000 (EBIT) |
| Capital employed | = | fixed assets + current assets – current liabilities |
| = | 1,50,000 + 80,000 + 1,40,000 + 80,000 + 30,000 – 30,000 – 1,00,000 | |
| = | 3,50,000 |
| Return on investment ratio | = | EBIT | x | 100 |
| Capital employed |
| = | 60,000 | x | 100 |
| 3,50,000 | |||
| = | 17.14 % Ans. |
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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