34. Rate of Gross profit on cost of a company is 25%. Its Gross profit is Rs. 5,00,000. Its shareholders’ Funds are Rs. 12,00,000; Current liabilities are Rs. 3,00,000 and Current Assets are Rs. 10,00,000. Calculate its Working Capital Turnover ratio. Marks-2/4, CBSE:2016-17/Comp-DL/-21 Answer Next Back
33. A company earns Gross profit of 25% on cost. For the year ended 31st March, 2017 its Gross Profit was Rs. 5,00,000; Equity Share Capital of the company was Rs. 10,00,000; Reserves and Surplus Rs. 2,00,000; Long Term Loan Rs. 3,00,000 and Non Current Assets were Rs. 10,00,000. Compute the … Read more
9. The Quick Ratio of a company is 1.5 : 1. State, giving reasons, which of the following transactions will improve, reduce or not change the quick ratio: (i) Purchase of goods for cash (ii) Bills payable paid at maturity (iii) Sale of goods costing Rs. 18,000 for Rs. 16,000 (iv) Cash collected from debtors … Read more
8. Quick ratio of a company is 1 : 1. State, with reason, whether the following transactions will increase, decrease or not change the ratio: (i) Paid insurance premium in advance Rs. 10,000. (ii) Purchased goods on credit Rs. 8,000. (iii) Issued fully paid equity shares of Rs. 1,00,000. (iv) Issued 9% debentures of Rs. … Read more
7. From the following data, calculate Current ratio and Liquid Ratio Liquid Assets ₹ 75,000 Inventories (Includes Loose Tools of ₹20,000) ₹ 35,000 Prepaid expenses ₹10,000 Working Capital ₹ 60,000 Marks-4, CBSE:2018-19/Sample/Q-21* Answer Next Back
46. Net profit after interest and tax of M Ltd. was Rs. 1,00,000. Its Current Assets were Rs. 4,00,000 and Current Liabilities were Rs. 2,00,000. Tax rate was 50%. Its Total Assets were Rs. 10,00,000 and 10% Long term debt was Rs. 4,00,000. Calculate Return on Investment. Marks-2/4, CBSE:2018-19/Comp/Q-20* Answer Next Back
32. Rate of Gross profit on Revenue from operations of a company is 25%. Its Gross profit is Rs. 5,00,000. Its Shareholders’ Funds are Rs. 25,00,000; Non-current Liabilities are Rs. 8,00,000 and Non-current Assets are Rs. 23,00,000. Calculate its Working Capital Turnover Ratio. Marks-2/4, CBSE:2018-19/Comp/Q-20* Answer Next Back
30. From the following information obtained from the books of Kundan Ltd., calculate the inventory turnover ratio for the years 2015 − 16 and 2016 – 17: 2015 – 16 Rs. 2016 – 17 Rs. Inventory on 31st March 7,00,000 17,00,000 Revenue from operations 50,00,000 75,00,000 (Gross profit is 25% on cost of revenue from … Read more
29. A company had a liquid ratio of 1.5:1 and a current ratio of 2:1. Its inventory turnover ratio was 6 times. It had total current assets of Rs. 2,00,000. Find out revenue from operations if the goods are sold at 25% profit on cost. Marks-3, CBSE:2019-20/Main/05/Q-30* Answer Next Back
25. From the following information related to a company calculate inventory turnover ratio: Opening inventory Rs. 20,000; Closing inventory Rs. 22,000; Purchases Rs. 80,000; Wages Rs. 9,000; Carriage outwards Rs. 2,000; Returns outwards Rs. 1,000; Revenue from operations Rs. 80,000; Carriage inwards Rs. 4,000; Rent Rs. 5,000. Marks-2/4, CBSE:2016-17/Comp-AI/Q-21 Answer Next Back