Question
1:
From the following compute Current Ratio:
|
|
` |
|
|
` |
|
Trade
Receivable (Sundry Debtors) |
3,60,000 |
|
Bills Payable |
40,000 |
|
Prepaid
Expenses |
80,000 |
|
Sundry Creditors |
2,00,000 |
|
Cash
and Cash Equivalents |
1,00,000 |
|
Debentures |
8,00,000 |
|
Marketable
Securities |
1,00,000 |
|
Inventories |
1,60,000 |
|
Land
and Building |
10,00,000 |
|
Expenses Payable |
1,60,000 |
Answer:
Current
Assets = Trade Receivables + Pre-paid Expenses + Cash and Cash Equivalents +
Marketable Securities + Inventories
= ` 3,60,000+ ` 80,000 + ` 1,00,000 + 1,00,000 + 1,60,000
= ` 8,00,000
Current
Liabilities = Bills Payable + Sundry Creditors + Expenses Payable
= ` 40,000 + `2,00,000 + ` 1,60,000
= `
4,00,000
Current ratio= Current assets/Current liabilities
=8,00,000/4,00,000
=2:1
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;
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
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
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
Class : 12th | Ts Grewal solution 2022-2023
Volume 3 | Chapter 4: Accounting Ratio
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