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Chapters
2: Accounts of ‘Not for Profit’ Concerns
3: Reconstitution of Partnership (Admission of Partner)
4: Reconstitution of Partnership (Retirement of Partner)
5: Reconstitution of Partnership (Death of Partner)
6: Dissolution of Partnership Firm
7: Bills of Exchange
8: Company Accounts - Issue of Shares
▶ 9: Analysis of Financial Statements
10: Computer In Accounting
![Balbharati solutions for Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board chapter 9 - Analysis of Financial Statements - Shaalaa.com](/images/book-keeping-and-accountancy-english-12-standard-hsc-maharashtra-state-board_6:e74bb0ad1fce4dc983dd35043c7a16a0.JPG "Balbharati solutions for Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board chapter 9 - Analysis of Financial Statements")
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Solutions for Chapter 9: Analysis of Financial Statements
Below listed, you can find solutions for Chapter 9 of Maharashtra State Board Balbharati for Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board.
Balbharati solutions for Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board 9 Analysis of Financial Statements Exercise 9.1 (Objective Questions) [Pages 375 - 376]
Select the most appropriate alternative from the given below and rewrite the sentences.
Gross Profit Ratio indicates the relationship of gross profit to the ___________.
Net-Cash
Net-Sales
Net Purchases
Gross Sales
Current Ratio =`""/"Current Liabilities"`
Quick Assets
Quick Liabilities
Current Assets
None of these
Liquid Assets =____________
Current Assets + Stock
Current Assets - Stock
Current Assets - stock + prepaid Expenses
None of these
Cost of goods sold __________.
Sales - Gross profit
Sales - Net Profit
Sales Proceeds
None of these
Net-Profit Ratio is equal to __________.
Operating ratio
Operating net-profit ratio
Gross Profit Ratio
Current Ratio
The Common Size Statement requires _________.
Common base
Journal Entries
Cash Flow
Current Ratio
Bill Payable is ___________
Long term loan
Current Liabilities
Liquid Assets
Net Loss
Generally Current Ratio should be ___________.
2:1
1:1
1:2
3:1
From financial statement analysis the creditors are specially interested to know _______.
Liquidity
Profits
Sale
Share Capital
Give one word/term/phrase for the following statement.
The statement showing profitability of two different periods
Give one word/term/phrase for the following statement.
The ratio measures the relationship between Gross Profit and Net Sales.
Give one word/term/ phrase for the following statement
Critical evaluation of financial statement to measure profitability.
Give one word/term/ phrase for the following statement
A particular mathematical number showing relationship between two accounting figures.
Give one word/term/phrase for the following statement.
An asset which can be converted into cash immediately.
Give one word/term/phrase for the following statement.
The ratio measuring the relationship between net profit and ownership capital employed.
Give one word/term/phrase for the following statement.
The statement showing financial position for different periods of previous year and current year.
Give one word/term/phrase for the following statement.
Statement showing changes in cash and cash equivalent during a particular period.
Give one word/term/phrase for the following statement.
Activity related to acquisition of long term assets and investment.
Give one word/term/phrase for the following statement.
The ratio that establishes relationship between Quick Assets and Current Liabilities
State true or false with reason.
Financial Statement includes only Balance Sheet.
True
False
State whether following statement is true or false :
Analysis of financial statement is a tool but not a remedy.
True
False
State true or false with reason.
Purchase of Fixed Assets is operating cash flow.
True
False
State true or false with reason.
Dividend paid is not a source of fund
True
False
State true or false with reason.
Gross Profit depends upon Net Sales.
True
False
State true or false with reason.
Payment of cash against purchase of stock is use of fund.
True
False
State whether following statement is true or false.
Ratio Analysis is useful for inter-firm comparison.
True
False
State true or false with reason.
The short term deposits are considered as cash equivalent.
True
False
State true or false with reason.
Activity Ratios Turnover Ratios are the same.
True
False
State true or false with reason.
Current Ratio measures the liquidity of the business.
True
False
State true or false with reason.
Ratio analysis measures profitability efficiency and financial soundness of the business.
True
False
State true or false with reason.
Usually current ratio should be 3:1.
True
False
Answer in one sentence only.
Mention two objectives of comparative statement?
Answer in one sentence only.
State three examples of cash inflows?
Answer in one sentence only.
State three examples of cash out flows?
Answer in one sentence only.
Give the formula of Gross Profit Ratio?
Answer in one sentence only.
Give the formula of gross profit?
Answer in one sentence only.
Give any three examples of current assets?
Answer in one sentence only.
Give the formula of current ratio?
Answer in one sentence only.
Give the formula of quick assets?
Answer in one sentence only.
State the formula of Cost of goods sold?
Answer in one sentence only.
State the formula of Average Stock?
Balbharati solutions for Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board 9 Analysis of Financial Statements Exercise 9.2 (Practical problems) [Pages 376 - 379]
From the Balance Sheet of Amar Traders as on 31st March 2018 and 31st, March 2019 prepare comparative Balance Sheet.
| Liabilities | 31.3.2018 (₹) | 31.3.2019 (₹) | Assets | 31.3.2018 (₹) | 31.3.2019 (₹) |
| Capital | 60,000 | 72,000 | Fixed Assets | 1,20,000 | 1,50,000 |
| Reserves and Surplus | 24,000 | 30,000 | Current Assets | 28,000 | 27,000 |
| Loans | 34,000 | 51,000 | |||
| Creditors | 30,000 | 24,000 | |||
| 1,48,000 | 1,77,000 | 1,48,000 | 1,77,000 |
From the following Balance Sheet of Alpha Limited prepare a comparative Balance Sheet as on 31st March 2018 and 31st March 2019.
| Balance Sheet As on 31st March 2018 and 31st March 2019 | |||||
| Liabilities | 31.3.2018 (₹) | 31.3.2019 (₹) | Assets | 31.3.2018 (₹) | 31.3.2019 (₹) |
| Equity Share Capital | 2,00,000 | 2,50,000 | Land | 80,000 | 1,00,000 |
| 12% Preference Shares | 80,000 | 80,000 | Building | 60,000 | 90,000 |
| Reserves and Surplus | 1,00,000 | 1,40,000 | Plant and Machinery | 73,000 | 1,73,000 |
| 15% Debentures | 60,000 | 51,000 | Stock | 1,50,000 | 1,10,000 |
| Creditors | 50,000 | 80,000 | Debtors | 1,28,000 | 1,40,000 |
| Bills Payable | 10,000 | 6,000 | Bank | 34,000 | 37,000 |
| Provision for Taxation | 25,000 | 43,000 | |||
| 5,25,000 | 6,50,000 | 5,25,000 | 6,50,000 | ||
Prepare Comparative Balance Sheet for the year ended 31.3.18 and 31.3.19 Assets & Liabilities as follows:
| Particulars | 31.3.18 (₹) | 31.3.19 (₹) |
| 1) Fixed Assets | 120,000 | 1,50,000 |
| 2) Share Capital | 60,000 | 72,000 |
| 3) Current Assets | 28,000 | 27,000 |
| 4) Reserve & Surplus | 24,000 | 30,000 |
| 5) Loan | 34,000 | 57,000 |
| 6) Current liabilities | 30,000 | 24,000 |
Prepare Comparative Balance Sheet for the year ended 31.3.17 and 31.3.18
| Particulars | 31.3.17 (₹) | 31.3.18 (₹) |
| 1) Current liabilities | 60,000 | 48,000 |
| 2) Fixed Assets | 2,40,000 | 3,00,000 |
| 3) Loan | 68,000 | 1,02,000 |
| 4) Share Capital | 1,20,000 | 1,44,000 |
| 5) Reserve & Surplus | 48,000 | 60,000 |
| 6) Current Assets | 56,000 | 54,000 |
Prepare Comparative Income Statement of Noha Limited for the year ended 31.3.17 and 31.3.18
| Particulars | 31.3.17 (₹) | 31.3.18 (₹) |
| Sales | 2,00,000 | 3,00,000 |
| Income Tax | 50% | 50% |
| Cost of Sales | 1,20,000 | 80,000 |
| Indirect Expenses | 8,000 | 12,000 |
Prepare comparative Income Statement of Sourabh Limited for the year ended 31.3.17 and 31.3.18
| Particulars | 31.3.17 (₹) | 31.3.18 (₹) |
| Sales | 4,00,000 | 6,00,000 |
| Indirect Expenses | 16,000 | 24,000 |
| Cost of Sales | 24,000 | 56,000 |
| Income Tax | 50% | 50% |
Following is the Balance Sheet of Sakshi Traders for the year ended 31.3.17 and 31.3.18
| Liabilities | 31.3.17 (₹) | 31.3.18 (₹) | Assets | 31.3.17 (₹) | 31.3.18 (₹) |
| Equity Share Capital | 80,000 | 80,000 | Fixed Assets | 1,20,000 | 1,44,000 |
| Pref. Share Capita | 20,000 | 20,000 | Investment | 20,000 | 20,000 |
| Reserve & Surplus | 20,000 | 24,000 | Current Assets | 60,000 | 48,000 |
| Secured Loan | 40,000 | 16,000 | |||
| Unsecured Loan | 20,000 | 36,000 | |||
| Current Liabilities | 20,000 | 36,000 | |||
| 2,00,000 | 2,12,000 | 2,00,000 | 2,12,000 |
Prepare common-size Balance Sheet for the year 31.3.17 and 31.3.18
Prepare common size Income Statement for the year ended 31.3.17 and 31.3.18.
| Particulars | 31.3.17 (₹) | 31.3.18 (₹) |
| Sales | 2,00,000 | 2,50,000. |
| Cost of goods sold | 1,50,000 | 1,70,000 |
| Office and Administrative Expenses | 4,000 | 6,000 |
| Selling and Distubution Expenses | 6,000 | 1,000 |
Following is the Balance Sheet of Sakshi Limited. Prepare cashflow statement.:
| Liabilities | 31.3.17 (₹) | 31.3.18 (₹) | Assets | 31.3.17 (₹) | 31.3.18 (₹) |
| Share Capital | 2,00,000 | 3,00,000 | Cash | 20,000 | 30,000 |
| Creditors | 60,000 | 90,000 | Debtors | 1,40,000 | 2,50,000 |
| Profit and Loss A/c | 40,000 | 70,000 | Stock | 80,000 | 70,000 |
| Land | 60,000 | 1,10,000 | |||
| 3,00,000 | 4,60,000 | 3,00,000 | 4,60,000 |
From the following Balance Sheet of Konal Traders prepare cash flow statement.
| Liabilities | 31.3.17 (₹) | 31.3.18 (₹) | Assets | 31.3.17 (₹) | 31.3.178 (₹) |
| Share Capital | 2,00,000 | 2,50,000 | Cash | 30,000 | 47,000 |
| Creditors | 70,000 | 45,000 | Debtors | 1,20,000 | 1,15,000 |
| Profit and Loss A/c | 10,000 | 23,000 | Stock | 80,000 | 90,000 |
| Land | 50,000 | 66,000 | |||
| 2,80,000 | 3,18,000 | 2,80,000 | 3,18,000 |
A Compay had the following Current Assets and Current Liabilities
| Debtors | ₹ 1,20000 | Creditors | ₹ 60,000 |
| Bills Payable | ₹ 40,000 | Stock | ₹ 60,000 |
| Loose Tools | ₹ 20,000 | Bank overdraft | ₹ 20,000 |
Calculate Current Ratio.
Current Assets of Company ₹ 6,00,000 and its Current Ratio is 2:1
Find Current Liabilities
Current Liabilities = ₹ 3,00,000
Working Capital = ₹ 8,00,000
Inventory = ₹ 2,00,000
Calculate Quick Ratio.
Calculate the Gross Profit Ratio
| Sales | ₹ 2,70,000 |
| Net purchases | ₹ 1,50,000 |
| Sales Ratio | ₹ 20,000 |
| Closing Stock | ₹ 25,000 |
| Operating Stock | ₹ 45,000 |
Calculate Net Profit Ratio from the following
| Sales | ₹ 3,80,000 |
| Cost of good sold | ₹ 2,60,000 |
| Indirect Exp | ₹ 60,000 |
Calculate Operating Ratio
| Cost of good sold | ₹ 3,50,000 |
| Operating Exp. | ₹ 30,000 |
| Sales | ₹ 5,00,000 |
| Sales Return | ₹ 30,000 |
Calculate
| 1) Current Assets | ₹ 3,00,000 |
| 2) Current Liabilities | ₹ 1,00,000 |
What is current Ratio.
Solutions for 9: Analysis of Financial Statements
Balbharati solutions for Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board chapter 9 - Analysis of Financial Statements
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Concepts covered in Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board chapter 9 Analysis of Financial Statements are Concept of Financial Statement Analysis, Tools for Financial Statement Analysis, Concept of Accounting Ratios.
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