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
Click below for more Questions
Ts Grewal Solution 2022-2023
Class 12 / Volume – 3
Chapter 4 – Accounting Ratios
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
Question No. 51 To 55
Question No. 56 To 60
Question No. 61 To 65
Question No. 66 To 70
Question No. 71 To 75
Question No. 76 To 80
Question No. 81 To 85
Question No. 86 To 90
Question No. 91 To 95
Question No. 96 To 100
Question No. 101 To 105
Click on below links for
12th TS Grewal’s Accountancy Solutions