Question 95 Chapter 4 of +2-B – USHA Publication 12 Class

Question 95 Chapter 4 of +2-B

Question 95 Chapter 4 of +2-B

Miscellaneous (Analytical Questions)

95. (NP Ratio/Current Ratio/Debt Equity Ratio from a complete Balance sheet) Balance Sheet of ‘A’ Ltd. is given below :

Particulars 
I. Equity and Liabilities  
Shareholders’ Funds  
Equity Share Capital 4,000 Shares of 100 each fully paid   4,00,000
Reserves and Surplus  
Surplus in Statement of Profit and Loss (Current year profit after tax)  3,00,000
General Reserve 3,00,000
Non-Current Liabilities  
Long-term Borrowings  
15% Debentures  2,00,000
Current Liabilities  
Trade Payable 5,80,000
  17,80,000
II. Assets  
Non-Current Assets  
Tangible Assets  
Building  6,00,000
Machinery  1,20,000
Current Assets  
Inventory  3,50,000
Trade Receivable 6,50,000
Input CGST 25,000
Input SGST 25,000
Bank  10,000
  17,80,000

Additional Information :
Net sales (Revenue from Operation) for the current year ₹ 57,60,000
Calculate the following ratios :
(i) Net profit ratio, (ii) Current ratio,
(iii) Debt equity ratio.

 

The solution of Question 95 Chapter 4 of +2-B: – 

 

(i) Net Profit Ratio = Net Profit X 100
Net Sales
  =      
  = ₹ 3,00,000 X 100
  ₹ 57,60,000
  = 70%    

 

(ii) Current Ratio = Current Assets
Current Liabilities
  =  
  = ₹ 10,60,000
  ₹ 5,80,000
  = 1.83: 1
(iii) Debt equity Ratio = Debt
Equity
  =  
  = ₹ 2,00,000
  ₹ 10,00,000
  = 1: 5

 

Current Assets = Trade Receivable + Inventory + Input CGST + Input SGST + Bank
  = ₹ 6,50,000 + ₹ 3,50,000 + ₹ 25,000 + ₹ 25,000 + ₹ 10,000
  = ₹ 10,60,000
Current Liabilities = Trade Payable
  = ₹ 5,80,000
Debt = 15% Debentures
  = ₹ 2,00,000
Gross Profit = Equity Share Capital +Surplus in Statement of Profit and Loss + General Reserve
  = ₹ 4,00,000 + ₹ 3,00,000 + ₹ 3,00,000
  = ₹ 10,00,000


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

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

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

2 Book 3 min 225x300 - Question 95 Chapter 4 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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