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12th | Accounting Ratios | Question No. 6 To 10 | Ts Grewal Solution 2022-2023

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

 

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Ts Grewal Solution 2022-2023

Class 12 / Volume – 3

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