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Question 146 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 146 Chapter 4 of +2-B
Question No. 146- Chapter No.4 - T.S. Grewal +2 Book Part B

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Question 146 Chapter 4 of +2-B

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Miscellaneous

146. Calculate Current Ratio, Quick Ratio and Debt to Equity Ratio from the
figures given below:

ParticularsRs
Inventory 30,000
Prepaid Expenses2,000
Other Current Assets50,000
Current Liabilities40,000
12% Debentures30,000
Accumulated Profits 10,000
Equity Share Capital 1,00,000
Non-current Investments15,000

 

The solution of Question 146 Chapter 4 of +2-B: –

I

Current Assets=Inventory + Prepaid Expenses + Other Current Assets
 =Rs 30,000 + Rs 2,000 + Rs 50,000
 =Rs 82,000
Current Liabilities=Rs 40,000
Current Ratio=Current Assets
Current Liabilities
Current Ratio=Rs. 82,000
Rs 40,000
 =2.05 : 1

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II

Liquid Assets=Current Assets − Inventory − Prepaid Expenses
 =Rs 82,000 − Rs 30,000 − Rs 2,000
 =Rs 50,000
Liquid Ratio=Liquid Assets
Current Liabilities
Liquid Ratio=Rs. 50,000
Rs 40,000
 =1.25 : 1

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III

Long term Debts=Rs 30,000
Equity=Accumulated Profits + Equity Share Capital
 =Rs 10,000 + Rs 1,00,000
 =Rs 1,10,000
Debt Equity Ratio=Debts
Equity
Debt Equity Ratio=Rs. 30,000
Rs 1,10,000
 =0.27 : 1



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Also, Check out the solved question of previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

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Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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