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12th | Accounting Ratio | Question No. 6 To 10 | Ts Grewal Solution 2023-2024

Question 6:


Current Ratio is 2.5, Working Capital is  ` 1,50,000. Calculate the amount of Current Assets and Current Liabilities.

Answer:


Current Ratio=Current Assets/Current Liabilities

2.5=Current Assets/Current Liabilities

Current Assets=2.5×Current Liabilities

Working Capital=Current Assets-Current Liabilities

=1,50,000=2.5 

Current Assets-Current Liabilities

Current Liabilities=1,50,000/1.5

Current Liabilities= ` 1,00,000

Current Assets=2.5 

Current Assets=Current Liabilities × Ratio of Current Assets

Current Assets=2.5×1,00,000

Current Assets= ` 2,50,000

 

Question 7:


Working Capital is `18,00,000; Trade Payables `1,80,000; and Other Current Liabilities are `4,20,000. Calculate Current Ratio.

Answer:


Current Liabilities

=

Trade Payables + Other Current Liabilities

Current Liabilities

=

1,80,000+4,20,000

Current Liabilities

=

6,00,000

Current Assets

=

Working Capital+ Current Liabilities

Current Assets

=

18,00,000+6,00,000

Current Assets

=

24,00,000

Current Ratio

=

Current Assets/ Current Liabilities

Current Ratio

=

24,00,000/6,00,000

Current Ratio

=

4/1 = 4:1

 

 

Question 8:


 Working Capital `9,00,000; Total Debts (Liabilities) `19,50,000; Long-Term Debts `15,00,000. Calculate Current Ratio.

Answer:


Current Liabilities

=

Total Debts - Long-Term Debts

Current Liabilities

=

19,50,000-15,00,000

Current Liabilities

=

4,50,000

Current Assets

=

Working Capital+ Current Liabilities

Current Assets

=

9,00,000+4,50,000

Current Assets

=

13,50,000

Current Ratio

=

Current Assets/ Current Liabilities

Current Ratio

=

13,50,000/4,50,000

Current Ratio

=

3/1 = 3:1

 

Question 9:


Current Assets are  ` 7,50,000 and Working Capital is  ` 2,50,000. Calculate Current Ratio.

Answer:


Current Assets =  ` 7,50,000
Working Capital =
 ` 2,50,000
Working Capital = Current Assets – Current Liabilities
             2,50,000 = 7,50,000 – Current Liabilities
Current Liabilities = 7,50,000 – 2,50,000 =
 ` 5,00,000

Current ratio= Current assets/Current liabilities=7,50,000/5,00,000=1.5:1

 

Question 10:


A company had Current Assets of  `4,50,000 and Current Liabilities of  `2,00,000. Afterwards it purchased goods for  `30,000 on credit. Calculate Current Ratio after the purchase.

 

Answer:


Before purchased goods

Current Assets of `4,50,000 and Current Liabilities of `2,00,000

 

Current Ratio after the purchase

Current Ratio= Current Assets+ purchased goods/ Current Liabilities+ purchased goods

Current Ratio= 4,50,000+ 30,000/ 2,00,000+30,000

Current Ratio= 4,80,000/ 2,30,000

Current Ratio= 2.09:1 = 2.09:1

 

 

Ts Grewal Solution 2023-2024

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Class 12 / Volume – I

Chapter 3 – Accounting Ratio

Question No. 1 To 5

Question No. 6 To 10

Question No. 11 To 15

Question No. 16 To 20

Question No. 21 To 25

Question No. 26 To 30

Question No. 31 To 35

Question No. 36 To 40

Question No. 41 To 45

Question No. 46 To 50

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Question No. 96 To 100

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Question No. 181 And 182