Advertisements
Advertisements
Question
Prepare a common-size statement of financial position for the following particulars of Rani Ltd.
| Particulars | 31st March 2016 | 31st March 2017 |
| I. EQUITY AND LIABILITIES | ||
| Shareholder’s funds | 5,40,000 | 6,00,000 |
| Non-Current liabilities | 2,70,000 | 2,50,000 |
| Current liabilities | 90,000 | 1,50,000 |
| Total | 9,00,000 | 10,00,000 |
| II. ASSETS | ||
| Non- Current assets | 7,20,000 | 8,00,000 |
| Current assets | 1,80,000 | 2,00,000 |
| Total | 9,00,000 | 10,00,000 |
Solution
| Common Size B/s of Rani Ltd As on 31.03.2016 and 31.03.17 |
||||
| Particulars | Absolute Amount 2015-16 Rs. | %of Total assets Rs. | Absolute amount 2016-17 | % of Total assets |
| I Equity & Liabilities | ||||
| Shareholders Fund | 5,40,000 | 60% | 6,00,000 | 60% |
| Non-Current liabilities | 2,70,000 | 30% | 2,50,000 | 25% |
| Current Liabilities | 90,000 | 10% | 1,50,000 | 15% |
| Total | 9,00,000 | 100% | 10,00,000 | 100% |
| II Assets | ||||
| Non-Current Assets | 7,20,000 | 80% | 8,00,000 | 80% |
| Current Assets | 1,80,000 | 20% | 2,00,000 | 20% |
| Total | 9,00,000 | 100% | 10,00,000 | 100% |
Computation of % of non-current assets to total assets
31.03.2016- `= 720000/900000 xx 100` = 80%
31.03.2017- `= 800000/1000000 xx 100 = 80%`
APPEARS IN
RELATED QUESTIONS
In a common-size balance sheet, if the percentage of non-current assets is 75, what would be the percentage of current assets?
Explain the procedure for preparing a common- size statement.
Prepare a common-size income statement for the following particulars Raja Ltd. for the year ended 31st March 2017.
| Particulars | 2016-17 ₹ |
| Revenue from operations | 4,50,000 |
| Other income | 67,500 |
| Expenses | 1,35,000 |
From the following particulars of Maria ltd and Kala Ltd. Prepare a common-Size income statement for the year ended 31st March 2019.
| Particulars | Maria Ltd ₹ | Kala Ltd ₹ |
| Revenue from operations | 1,00,000 | 2,00,000 |
| Other income | 10,000 | 30,000 |
| Expenses | 70,000 | 1,20,000 |
Prepare a common-size income statement for the following particulars of Sam Ltd. table.
| Particulars | 2015-16 ₹ | 2016-17 ₹ |
| Revenue from operations | 4,00,000 | 5,00,000 |
| Other income | 80,000 | 50,000 |
| Expenses | 2,40,000 | 2,50,000 |
| Income Tax | 30% | 30% |
Prepare Common-size balance sheet of Meena Ltd. as of 31st March 2018.
| Particulars | 31st March 2018 |
| I. EQUITY AND LIABILITIES | |
| Shareholder’s Funds | 2,00,000 |
| Non-Current liabilities | 1,60,000 |
| Current liabilities | 40,000 |
| Total | 4,00,000 |
| II. ASSETS | |
| Non- Current assets | 3,00,000 |
| Current assets | 1,00,000 |
| Total | 4,00,000 |
Prepare a common-size statement of financial position for the following particulars of Yasmin Ltd. and Sakthi Ltd.
| Particulars | Yasmin Ltd |
Sakthi Ltd. |
| I. EQUITY AND LIABILITIES | ||
| 1. Shareholder's Fund | ||
| a) Share capital | 2,00,000 | 3,00,000 |
| b) Reserves and surplus | 50,000 | 60,000 |
| 2. Non-current liabilities | ||
| Long-term borrowings | 1,50,000 | 1,80,000 |
| 3. Current liabilities | ||
| Trade payables | 1,00,000 | 60,000 |
| Total | 5,00,000 | 6,00,000 |
| II ASSETS | ||
| 1. Non-Current assets | ||
| a) Fixed assets | 2,00,000 | 3,00,000 |
| b) Non-current investments | 50,000 | 1,20,000 |
| 2. Current assets | ||
| Inventories | 2,00,000 | 90,000 |
| Cash and cash equivalents | 50,000 | 90,000 |
| Total | 5,00,000 | 6,00,000 |
