Question 53 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
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
The solution of Question 53 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –
|
(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. |
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Accounting Ratios – Meaning and Definition
Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Change in Profit sharing ratio among Existing Partners )
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Company Accounts (Issue of Debentures)
- Chapter No. 3 – Company Accounts (Redemption of Debentures)
- Chapter No. 4 – Financial Statements of a Company
- Chapter No. 5 – Financial Statement Analysis
- Chapter No. 6 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
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