40. Calculate opening and closing trade receivables from the following information: Trade Receivable turnover ratio 4 times; Cost of Revenue from Operations Rs. 3,20,000; Gross profit ratio 20%; Closing trade receivables were Rs. 15,000 more than opening trade receivables; cash revenue from operations being 33⅓ % of credit revenue from operations. Marks-4, CBSE:2018-19/Main/03/Q-21* Answer Next … Read more
39. Calculate the amount of opening trade receivables and closing trade receivables from the following information: Trade receivables turnover ratio 8 times Cost of revenue from operations Rs. 4,80,000 The amount of credit revenue from operations is Rs. 2,00,000 more than cash revenue from operations. Gross profit ratio is 20%. Opening trade receivables are 1/4th … Read more
38. The Revenue from operations of a firm is Rs. 6,00,000. Its inventory turnover ratio is 3 times. If gross profit ratio is 25%, calculate its opening inventory and closing inventory. The opening inventory is 25% of closing inventory. Marks-3, CBSE:2019-20/Main/04/Q-30* Answer Next Back
45. The operating ratio of a company is 80%. State whether the following transactions will increase, decrease or not change the ratio: (i) Purchased goods on credit Rs. 20,000 (ii) Paid wages Rs. 5,000 (iii) Redeemed Rs. 8,000, 9% debentures (iv) Sold goods Rs. 50,000 for cash Marks-4, CBSE:2018-19/Main/04/Q-22* Answer Next Back
28. Average Inventory Rs. 60,000, Revenue from Operations Rs. 6,00,000, the rate of Gross Loss on Sales is 10%. Calculate the Inventory Turnover Ratio. Marks-3, CBSE:2019-20/Main/02/Q-30(i)* Answer Next Back
43. The Operating ratio of a company is 60%. State whether ‘Purchase of goods costing Rs. 20,000’ will increase, decrease or not change the operating ratio. Marks-2/4, CBSE:2018-19/Main/01/Q-21* Answer Next Back
2. A company had Current Assets Rs. 3,00,000 and Current Liabilities Rs. 1,40,000. Afterwards, it purchased goods worth Rs. 20,000 on credit. Calculate the Current Ratio after the purchase of goods. Marks-2/4, CBSE:2018-19/Main/02/Q-21* Answer Next Back
27. Calculate Revenue from operations of BN Ltd. From the following information: Current assets Rs. 8,00,000 Quick ratio is 1.5 : 1 Current ratio is 2 : 1 Inventory turnover ratio is 6 times. Goods were sold at a profit of 25% on cost. Marks-2/4, CBSE:2018-19/Main/01/Q-21* Answer Next Back
20. From the following information calculate Interest Coverage Ratio : Net profit after interest and tax Rs. 1,20,000; Rate of income tax 40%; 15% debentures Rs. 1,00,000; 12% Mortgage loan Rs. 1,00,000. Marks-2/4, CBSE:2018-19/Main/02/Q-21* Answer Next Back
15. Calculate ‘Total Assets to Debt ratio’ from the following information: Rs. Equity Share Capital 4,00,000 Long Term Borrowings 1,80,000 Surplus i.e. Balance in statement of Profit and Loss 1,00,000 General Reserve 70,000 Current Liabilities 30,000 Long Term Provisions 1,20,000 Marks-2/4, CBSE:2018-19/Main/01/Q-21* Answer Next Back