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Question 53 Chapter 7 -Unimax Publication Class 12 Part 2 – 2021

Question No -53 Chapter no - 7 Unimax Class - 12 Part -II
Question No -53 Chapter no - 7 Unimax Class - 12 Part -II

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Question 53 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021

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53. The following is the balance sheet of Y Ltd. As an 31st December 2022.

LiabilitiesAmountAssetsAmount
Equity share capital2,00,000Land and building1,50,000
Reserves   90,000Plant and machinery80,000
Profit for the year60,000Stock1,40,000
Bank overdraft30,000Debtors80,000
Trade creditors1,00,000Cash30,000
 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 x100
 Capital employed
 =60,000x100
 3,50,000
 =17.14 % Ans.  

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Accounting Ratios – Meaning and Definition

Unimax Publication – Accountancy PSEB Class 12 – Volume I – Solution

Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution

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