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12th | Accounting Ratios | Question No.  1 To 5 | Ts Grewal Solution 2022-2023

Question 1:


From the following compute Current Ratio:

 

 `

 

 

`

Trade Receivable (Sundry Debtors)

3,60,000

 

 Bills Payable

40,000

Prepaid Expenses

80,000

 

 Sundry Creditors

2,00,000

Cash and Cash Equivalents

1,00,000

 

 Debentures

8,00,000

Marketable Securities

1,00,000

 

 Inventories

1,60,000

Land and Building

10,00,000

 

 Expenses Payable

1,60,000


Answer:

Current Assets = Trade Receivables + Pre-paid Expenses + Cash and Cash Equivalents + Marketable Securities + Inventories

=  ` 3,60,000+  ` 80,000 +  ` 1,00,000 + 1,00,000 + 1,60,000

 =  ` 8,00,000

Current Liabilities = Bills Payable + Sundry Creditors + Expenses Payable
                             =  ` 40,000 +
 `2,00,000 +  ` 1,60,000

     =  ` 4,00,000

Current ratio= Current assets/Current liabilities

=8,00,000/4,00,000

=2:1

Question 2:


Calculate Current Ratio from the following information:    

Particulars

 `

Particulars

 `

Total Assets

20,00,000

Non-current Liabilities

5,20,000

Fixed Tangible Assets

10,00,000

Non-current Investments

6,00,000

Shareholders'  Funds

12,80,000

 

 

 

 

 

 

 

 

 Answer:

Total Assets = Fixed Tangible Assets + Non - Current Investments + Current Assets
      20,00,000 = 10,00,000 + 6,00,000 + Current Assets
Current Assets = 20,00,000 – 16,00,000 =
 ` 4,00,000
 
Total Assets = Shareholder’s Funds + Non – Current Liabilities + Current Liabilities
20,00,000= 12,80,000  + 5,20,000 + Current Liabilities
Current Liabilities = 20,00,000 – 18,00,000 =
 ` 2,00,000


Page Current ratio= Current assets/Current liabilities=4,00,000/2,00,000=2:1

 

Question 3;

Current Assets `10,00,000, Inventories `5,00,000, Working capital `6,00,000, Calculate Current Ratio.

Answers;

Current liabilities = Current Assets- Working capital

Current liabilities = 10,00,000 - 6,00,000 =4,00,000

Current ratio= Current Assets/ Current liabilities

Current ratio= 10,00,000/4,00,000= 2.5:1

Question 4:

Trade Payables  ` 50,000, Working Capital  ` 9,00,000, Current Liabilities  ` 3,00,000. Calculate Current Ratio.

Answer:

Working Capital = Current Assets - Current Liabilities

9,00,000 = Current Assets − 3,00,000

Current Assets = 9,00,000 + 3,00,000 = ` 12,00,000

Current Ratio=CurrentAssets/CurrentLiabilities=12,00,000/3,00,000=4:1

 

Question 5:

Working Capital  `6,00,000,  Total Debt  `27,00,000,  Non-Current liabilities  `24,00,000. Calculate Current Ratio.

Answers;

Current liabilities=Total Debt- Non-Current liabilities 

Current liabilities=27,00,000-24,00,000=3,00,000

Current Assets= Current liabilities+ Working Capital 

Current Assets=3,00,000+6,00,000=9,00,000

Current ratio= Current Assets/ Current liabilities

Current ratio=9,00,000/3,00,000=3:1

 

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Ts Grewal Solution 2022-2023

Class 12 / Volume – 3

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