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

Question 95 Chapter 4 of +2-B
Q-95- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

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

End of Solution

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Question 02 Chapter 4 of +2-B – USHA Publication 12 Class

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

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Question 22 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 31 A Chapter 4 of +2-B – USHA Publication 12 Class

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Question 41 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 51 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 61 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 71 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 81 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 91 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 101 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 111 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 121 Chapter 4 of +2-B – USHA Publication 12 Class

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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

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Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

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Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

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