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Get complete step-by-step solutions for Unimax Accountancy Class 12 Part 2 - 2023 - Chapter 7 Ratio Analysis - Unimax. Study double-entry system details, practice timed problems, and verify answers directly.
Question No 01 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
From the following information, calculation ratio and quick ratio:
| Particulars | ₹ |
| Sundry debtors | 4,00,000 |
| Preliminary expenses | 40,000 |
| Debentures | 2,00,000 |
| Stock | 1,60,000 |
| Bills payable | 80,000 |
| Marketable securities | 80,000 |
| Creditors | 1,60,000 |
| Cash | 1,20,000 |
| Expenses payable | 1,60,000 |
|
I. Current Ratio= |
= | Current Assets |
| Current Liabilities | ||
| Current Assets | = | Debtors + Pre. Expenses + Stock + Cash + Securities |
| = | 4,00,000 + 40,000 + 1,60,000 + 1,20,000 + 80,000 | |
| = | ₹ 8,00,000 | |
| Current Liabilities | = | Bill payable + Creditors + Out expenses |
| = | ₹ 80,000 + 1,60,000 + 1,60,000 | |
| = | ₹ 4,00,000 |
|
Current Ratio= |
8,00,000 | |
| 4,00,000 | ||
| = | 2 : 1 Ans. |
|
Quick Ratio |
= | Quick Assets |
| Current Liabilities | ||
| = | 4,00,000(Drs.)+1,20,000 (Cash)+80,000(sec) | |
| 80,000(B/p) +1,60,000(Crs.)+1,60,000(out.exp.) |
| 6,00,000 | ||
| 4,00,000 | ||
| ii. Quick Ratio | = | 1.5 : 1 Ans. |
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