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प्रश्न
Following is the balance sheet of Lakshmi Ltd. as of 31st March 2019.
| Particulars | ₹ |
| I Equity and Liabilities | |
| 1. Shareholder's Funds | |
| Equity share capital | 4,00,000 |
| 2. Non- Current liabilities | |
| Long term borrowings | 2,00,000 |
| 3. Current Liabilities | |
| (a) Short - term borrowings | 50,000 |
| (b) Trade payable | 3,10,000 |
| (c) Other current liabilities Expenses Payable | 15,000 |
| (d) Short - term provisions | 25,000 |
| Total | 10,00,000 |
| II Assets | |
| 1. Non - Current assets | |
| (a) Fixed assets Tangible assets | 4,00,000 |
| 2. Current assets | |
| (a) Inventories | 1,60,000 |
| (b) Trade debtors | 3,20,000 |
| (c) Cash and cash equivalents | 80,000 |
| (d) Other current assets prepaid expenses | 40,000 |
| Total | 10,00,000 |
Calculate: (i) Current ratio (ii) Quick ratio
उत्तर
Current ratio = `"Current Assets"/"Current liabilities"`
Current Assets = Inventories + Trade Debtors + Cash & Cash equivalents + Prepaid Expenses
= 1,60,000 +3,20,000 + 80,000 + 40,000
= Rs. 6,00,000
Current Liabilities = Short term borrowings + Trade Payable + Expenses payable + Short term provisions.
= 50,000 + 3,10,000 + 15,000 + 25,000
= Rs. 4,00,000
Current ratio = `600000/400000`
Current ratio = 1.5:1
Quick ratio = `"Quick Assets"/"Current liabilities"`
Quick Assets = Current Assets - (Inventors + Prepaid expenses)
Quick Assets = 6,00,000 - (1,60,000 + 40,000)
= Rs. 4,00,000
Quick Ratio = `400000/400000`
Quick Ratio = 1:1
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संबंधित प्रश्न
From the following information calculate a debt-equity ratio.
Balance Sheet (Extract) as on
31st March, 2019
| Particulars | Amount ₹ |
| I. EQUITY AND LIABILITIES | |
| 1. Shareholders' funds | |
| (a) Share capital | |
| Equity share capital | 6,00,000 |
| (b) Reserves and surplus | 2,00,000 |
| 2. Non-current liabilities | |
| Long-term borrowings (Debentures) | 6,00,000 |
| 3. Current liabilities | |
| (a) Trade payables | 1,60,000 |
| (b) Other current liabilities | |
| Outstanding expenses | 40,000 |
| Total | 16,00,000 |
Current ratio indicates ______.
Current assets excluding inventory and prepaid expenses is called ______.
Match List I with List II and select the correct answer using the codes given below:
| List I | List II |
| (i) Current ratio | 1. Liquidity |
| (ii) Net profit ratio | 2. Efficiency |
| (iii) Debt-equity ratio | 3. Long term solvency |
| (iv) Inventory turnover ratio | 4. Profitability |
Cost of revenue from operation ₹ 3,00,000; Inventory at the beginning of the year ₹ 60,000; Inventory at the close of the year ₹ 40,000. Inventory turnover ratio is.
What is a quick ratio?
From the following information calculate the capital gearing ratio:
| Balance Sheet (Extract) as on 31.03.2018 | |
| Particulars | Amount ₹ |
| I. EQUITY AND LIABILITIES | |
| 1. Shareholders Funds | |
| (a) Share capital | |
| Equity share capital | 4,00,000 |
| 5% Preference share capital | 1,00,000 |
| (b) Reserves and surplus | |
| General reserve | 2,50,000 |
| Surplus | 1,50,000 |
| 2. Non-current Liabilities | |
| Long-term borrowings (6% Debentures) | 3,00,000 |
| 3. Current liabilities | |
| Trade payables | 1,20,000 |
| provision for tax | 30,000 |
| Total | 13,50,000 |
From the following Balance Sheet of James Ltd. as on 31.03.2019 calculate:
- Debt-equity ratio
- Proprietary ratio
- Capital gearing ratio
| Balance Sheet (of James Ltd.) as on 31.03.2018 |
|
| Particulars | Amount ₹ |
| I EQUITY AND LIABILITIES | |
| 1. Shareholders Funds | |
| (a) Share capital | |
| Equity share capital | 2,50,000 |
| 6% Preference share capital | 2,00,000 |
| (b) Reserves and surplus | 1,50,000 |
| 2. Non-current Liabilities | |
| Long –term borrowings (8% Debentures) | 3,00,000 |
| 3. Current Liabilities | |
| Short -term borrowings from banks | 2,00,000 |
| Trade Payables | 1,00,000 |
| Total | 12,00,000 |
| II ASSETS | |
| 1. Non-current assets | |
| Fixed assets | 8,00,000 |
| 2. Current assets | |
| (a) Inventories | 1,20,000 |
| (b) Trade receivables | 2,65,000 |
| (c) Cash and cash equivalents | 10,000 |
| (d) Other current assets | |
| Expenses paid in advance | 5,000 |
| Total | 12,00,000 |
From the following figures obtained from Arjun Ltd, calculate the trade payable turnover ratio and credit payment period (in days).
| Particulars | Rs. |
| Credit purchases during 2018 -2019 | 9,50,000 |
| Trade creditors as on 01.04.2018 | 60,000 |
| Trade creditors as on 3 1.03.2019 | 50,000 |
| Bills payable as on 0L04.2018 | 45,000 |
| BillS payable as on 3 1.03.2019 | 35000 |
Calculate
- Inventory turnover ratio
- Trade receivables turnover ratio
- Trade payables turnover ratio and
- Fixed assets turnover ratio from the following information obtained from Aruna Ltd.
| Particulars | As of 31st March 2018 (₹) | As of 31st March 2019 (₹) |
| Inventory | 3,60,000 | 4,40,000 |
| Trade receivables | 7,40,000 | 6,60,000 |
| Trade Payable | 1,90,000 | 2,30,000 |
| Fixed assets | 6,00,000 | 8,00,000 |
Additional information:
- Revenue from operations for the year ₹ 35,00,000
- Purchases for the year ₹ 21,00,000
- Cost of revenue from operation ₹ 16,00,000
Assume that sales and purchases are for credit.
