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 Reserve3,00,000
Non-Current Liabilities 
Long-term Borrowings 
15% Debentures 2,00,000
Current Liabilities 
Trade Payable5,80,000
 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 Receivable6,50,000
Input CGST25,000
Input SGST25,000
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 ProfitX100
Net Sales
 =   
 =₹ 3,00,000X100
 ₹ 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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