Analysis Of
Financial Statements
Ts Grewal 2021-2022 for Class 12 Commerce Accountancy
Chapter 4 - Accounting Ratios
Page No
4.101:
Question
1:
From the following compute Current Ratio:
|
|
` |
|
|
` |
|
Trade Receivable (Sundry Debtors) |
1,80,000 |
|
Bills Payable |
20,000 |
|
Prepaid Expenses |
40,000 |
|
Sundry Creditors |
1,00,000 |
|
Cash and Cash Equivalents |
50,000 |
|
Debentures |
4,00,000 |
|
Marketable Securities |
50,000 |
|
Inventories |
80,000 |
|
Land and Building |
5,00,000 |
|
Expenses Payable |
80,000 |
Answer:
Current
Assets = Trade Receivables + Pre-paid Expenses + Cash and Cash Equivalents + Marketable
Securities + Inventories
=
` 1,80,000 + ` 40,000 + ` 50,000 + 50,000 + 80,000
= ` 4,00,000
Current
Liabilities = Bills Payable + Sundry Creditors + Expenses Payable
= ` 20,000 + ` 1,00,000 + ` 80,000
= `
2,00,000
Current ratio= Current assets/Current liabilities
=4,00,000/2,00,000
=2:1
Page No
4.101:
Question
2:
Calculate Current Ratio from the following information:
|
Particulars |
` |
Particulars |
` |
||
|
Total
Assets |
10,00,000 |
Non-current
Liabilities |
2,60,000 |
||
|
Fixed
Tangible Assets |
5,00,000 |
Non-current
Investments |
3,00,000 |
||
|
Shareholders'
Funds |
6,40,000 |
|
|
||
|
|
|
|
|
|
|
Answer:
Total
Assets = Fixed Tangible Assets + Non - Current Investments + Current Assets
10,00,000 = 5,00,000 + 3,00,000 +
Current Assets
Current Assets = 10,00,000 – 8,00,000 = ` 2,00,000
Total Assets = Shareholder’s Funds + Non – Current Liabilities + Current Liabilities
10,00,000 = 6,40,000 + 2,60,000 +
Current Liabilities
Current Liabilities = 10,00,000 – 9,00,000 = ` 1,00,000
Page
Current ratio= Current assets/Current
liabilities=1,00,000/50,000=2:1
Page No
4.101:
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
Page No
4.101:
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
Page No
4.101:
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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