Question 1:
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 2:
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 3:
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 4:
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 5:
Current Liabilities of a company were ₹1,75,000 and its Current Ratio was 2: 1. It paid ₹30,000 to a Creditor. Calculate Current Ratio after payment.
Answer:
Current Ratio= 2:1 before payment to Creditor
Current Liabilities = ₹1,75,000 before payment to Creditor
Current Assets = ( ₹1,75,000×2)=3,50,000 before payment to Creditor
Current Ratio After payment to Creditor
=3,50,000-30,000/1,75,000-30,000
Current Ratio = 3,20,000/1,45,000
Current Ratio = 2.21/1
Ts Grewal Solution 2026-2027
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Class 12 / Volume – III
Chapter 4 – Accounting Ratios