Question 95 Chapter 4 of +2-B
Table of Contents
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
- 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 (Reconstitution of Partnership)
- 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)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
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