Question 1:
Current Ratio and Quick Ratio
Calculate Current Ratio from the following information:
Particulars
|
₹
|
Particulars
|
₹
|
Equity Share
Capital
|
8,00,000
|
Cash and Cash
Equivalents
|
56,000
|
Inventories
|
1,00,000
|
Trade
Payables
|
60,000
|
Trade
Receivables
|
1,20,000
|
Short-term
Borrowings
|
40,000
|
Advance Tax
|
24,000
|
(Bank
overdraft)
|
|
|
|
|
10%
Investments
|
80,000
|
(CBSE 2024)
Answer:
Total Current
Assets = Cash and Cash
Equivalents + Inventories + Trade Receivables+Advance
Tax
Total Current
Assets = ₹56,000 +
₹1,00,000 + ₹1,20,000 + ₹24,000
Total Current
Assets = ₹3,00,000
Total Current
Liabilities = Trade Payables + Short-term Borrowings
Total Current
Liabilities = ₹60,000 + ₹40,000
Total Current
Liabilities = ₹1,00,000
Current Ratio=Current Assets ÷ Current Liabilities
Current Ratio = ₹3,00,000 ÷ ₹1,00,000=3:1
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:
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
Question 4:
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
Question 5:
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
Working Capital=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
Ts Grewal Solution 2025-2026
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Class 12 / Volume – III
Chapter 4 – Accounting Ratios