10. The Quick ratio of a company is 0.8 : 1. State with reason whether the following transactions will increase, decrease or not change the quick ratio: (1) Purchase of loose tools Rs. 2,000. (2) Insurance premium paid in advance Rs. 500. (3) Sale of goods on credit Rs. 3,000. (4) Honoured a bills payable … Read more
6. Current Liabilities Rs. 1,50,000, Current Assets Rs. 2,80,000, Inventories Rs. 40,000, Advance Tax Rs. 30,000, and Prepaid Rent Rs. 10,000. Calculate Quick Ratio. Marks-3, CBSE:2019-20/Main/02/Q-30(i)* Answer Next Back
37. From the following information, determine the opening inventory and the closing inventory: Inventory Turnover Ratio = 5 times Revenue from Operations = Rs. 8,00,000 Gross Profit Ratio = 25% Closing inventory was Rs. 20,000 more than the opening inventory. Marks-3, CBSE:2019-20/Main/03/Q-30* Answer Next Back
16. Calculate the ‘Total Assets to Debt Ratio’ from the following information: Rs. Current Assets 11,00,000 Working Capital 6,50,000 Shareholder’s Fund 7,50,000 Total Debt 19,50,000 Reserves and Surplus 2,50,000 Marks-3, CBSE:2019-20/Main/01/Q-30* Answer Next Back
13. Calculate the Current Ratio and Debt-Equity Ratio from the following information: Rs. Non-Current Assets 16,00,000 Current Assets 4,00,000 Working Capital 2,00,000 Non-Current Liabilities 12,00,000 Marks-3, CBSE:2019-20/Main/03/Q-30* Answer Next Back
41. Calculate amount of Opening Trade Receivables and Closing Trade Receivables from the following figures: Trade Receivable Turnover ratio 5 times Cost of Revenue from Operations ₹ 8,00,000 Gross Profit ratio 20% Closing Trade Receivables were ₹ 40,000 more than in the beginning Cash sales being ¼ times of Credit sales Marks-4, CBSE:2018-19/Sample/Q-21* Answer Next … Read more
26. From the following information, calculate Inventory Turnover Ratio. Revenue from Operations: 4,00,000, Average Inventory: 55,000, The rate of Gross Loss on Revenue from Operations was 10%. Marks-2/4, CBSE:2016-17/Sample/Q-21 Answer Next Back
23. For the year ended March 31, 2017, Net Profit after tax of K X Limited was Rs. 6,00,000. The company has Rs. 40,00,000 12% Debentures of Rs. 100 each. Calculate Interest Coverage Ratio assuming 40% tax rate. State its significance also. Will the Interest Coverage Ratio change if during the year 2017-18, the company … Read more
22. From the following details calculate Interest Coverage Ratio: Net profit after tax – ₹ 7,00,000 6% debentures of ₹ 20,00,000 Tax Rate 30% Marks 3, CBSE:2019-20/Sample/Q-30* Answer Next Back
5. X Ltd. has a current ratio 3.5:1 and quick ratio of 2:1. If excess of current assets over quick assets represented by Inventory is 24,000, calculate current assets and current liabilities. Marks-2/4, CBSE:2016-17/Sample/Q-21 Answer Next Back