AHSEC Accountancy Question Bank: Ratio Analysis/Accounting Ratios for Upcoming Exams

AHSEC CLASS 12
ACCOUNTANCY QUESTION BANK

UNIT - 10 Accounting Ratios Practical Problems

1. From the following information, calculate Current Ratio:           2013

Particulars

Amount

Inventory

Debtors

Cash

Creditors

Bills receivable

Advance Tax

Bills Payable

Bank overdraft

Debentures

Accrued Interest

55000

40000

37000

48000

20000

4000

28000

4000

200000

4000

2. Calculate Acid-Test Ratio from the following:                  2014

Current Assets Rs.50000.

Current assets include the following:

Stock Rs.14000.

Pre-paid Expenses Rs. 1000.

Current liabilities Rs.20000. Current liabilities include Bank overdraft Rs.5000.

3. From the following calculate Current Ratio:               2015

Particulars

Rs.

Sundry Debtors

Stock

Prepaid Expenses

Sundry Creditors

Bank Overdraft

Dividend payable

10% Debenture

Machinery

50,000/-

40,000/-

2,000/-

38,000/-

10,000/-

10,000/-

40,000/-

50,000/-

4. From the given information, calculate the stock Turnover Ratio:            2015

Sales                                                                      =             Rs. 4, 00,000/-

Gross Profit Ratio                                             =                             25%

Opening Stock was 1/3rd of the value of the Closing stock.

Closing Stock was 30% of Sales.

5. From the following details, calculate Current Ratio and Liquid Ratio:                    2016

Machinery

8% Debenture

Bank Overdraft

Sundry Creditors

Prepaid Expenses

Stock

Sundry Debtors

1,00,000/-

80,000/-

20,000/-

76,000/-

4,000/-

80,000/-

1,00,000/-

6. From the following details, calculate Gross Profit and Sales:    2016

Average Stock = 60,000/-

Stock Turnover Ratio = 6 times.

Selling Price is 20% above cost.

7. From the following details, calculate Current Ratio:                     2017

Particulars

Rs.

Sundry Debtors

Stock

Prepaid Expenses

Sundry Creditors

Bank Overdraft

Interest Payable

Debentures

Buildings

10,000/-

8,000/-

6,000/-

8,000/-

2,000/-

2,000/-

50,000/-

1,00,000/-

8. From the following information, calculate (i) Current Assets (ii) Current Liabilities and (iii) Quick Ratio.        2017

                Working Capital = Rs. 40,000/-

                Current Ratio = 2:1

                Stock = Rs. 30,000/-

9. From the following information, calculate Stock Turnover Ratio:   2017

Sales

Average Stock

Gross Loss Ratio

4,00,000/-

55,000

10%

10. Calculate current assets of a company from the following information:            2018

Stock turnover ratio = 4 times

Stock at the end is Rs. 20,000/- more than the stock at the beginning.

Sales Rs. 3,00,000/- and gross profit ratio is 20% of Sales.

Current liabilities = 40,000/-

Quick ratio = 0.75

11. Calculate liquid ratio from the following information:               2019

 

(Rs.)

Stock

Debtors

Bills Receivable

Advance Tax

Cash

Creditors

Bills Payable

Machinery

Bank Overdraft

Debentures

50,000/-

80,000/-

10,000/-

4,000/-

30,000/-

60,000/-

40,000/-

50,000/-

4,000/-

70,000/-

12. A business has a current ratio of 3 : 1 and a quick ratio of 1 : 2 : 1. If the Working Capital is Rs. 1,80,000, calculate current assets and stock.              2019

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ALSO READ (AHSEC ASSAM BOARD CLASS 12):

1. AHSEC CLASS 12 ACCOUNTANCY CHAPTERWISE NOTES

2. AHSEC CLASS 12 ACCOUNTANCY IMPORTANT QUESTION (THEORY)

3. AHSEC CLASS 12 ACCOUNTANCY IMPORTANT QUESTION BANK (PRACTICAL)

4. AHSEC CLASS 12 ACCOUNTANCY PAST EXAM PAPERS (FROM 2012 TILL DATE)

5. AHSEC CLASS 12 ACCOUNTANCY SOLVED QUESTION PAPERS (FROM 2012 TILL DATE)

6. AHSEC CLASS 12 ACCOUNTANCY CHAPTERWISE MCQS

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13. Current Ratio is 3 : 5 : 1 and Quick Ratio 2 : 5 : 1. Inventory is Rs. 50,000. Calculate current assets and current liabilities.  3                   2020

14. Calculate the values of opening and closing stock from the following information:                      5              2020

Cost of goods sold

Stock Turnover Ratio

Stock at the beginning is 1.5 time more than the stock at the end

Rs. 2,00,000

8 times

 

Current and Liquid Ratio

1. Current Ratio 2.5; Working Capital Rs. 60,000. Calculate the amount of Current Assets and Current Liabilities.

2. X Ltd. has a Current Ratio 3.5 : 1 and Quick Ratio 2 : 1. If the stock is Rs. 24,000; Calculate the total Current Liabilities and Current Assets.

3. XYZ Ltd. stock is Rs. 3,00,000. Total Liquid Assets are Rs. 12,00,000 and Quick Ratio is 2 : 1. Work out of the Current Ratio.

4. A Limited Liquidity Ratio is 2.5 : 1. Stock is Rs. 6,00,000. Current Ratio is 4 : 1. Find out the Current Liabilities.

5. Current Liabilities of a company are Rs. 6,00,000. Its Current Ratio is 3 : 1 and Liquid Ratio is 1 : 1. Calculate the value of Stock-in-Trade.

6. Current Liabilities of a company are Rs. 1,50,000. Its Current Ratio is 3 : 1 and Acid Test Ratio (Liquid Ratio) is 1 : 1. Calculate the values of Current Assets, Liquid Assets and Inventory.

7. Current Ratio 4; Liquid Ratio 2.5; Inventory Rs. 6,00,000. Calculate the Current Liabilities, Current Assets and Liquid Assets.

8. X Ltd. had a Current Ratio of 4.5 : 1 and a Quick Ratio of 3 : 1. If its inventory is Rs. 36,000, find out its total Current Assets and Total Current Liabilities.

9. Quick assets Rs. 1,50,000; Inventory Rs. 40,000; Prepaid Expenses Rs. 10,000; Working Capital Rs. 1,20,000. Calculate Current Ratio.

10. Current Assets Rs. 3,00,000; Stock Rs. 45,000; Prepaid Expenses Rs. 15,000; Working Capital Rs. 2,52,000. Calculate the Quick Ratio. [Quick Ratio = 5 : 1]

11. From the following information, calculate Current Ratio and acid-test ratio:

Particulars

Amount

Particulars

Amount

Inventory

Debtors

Cash

Creditors

Bills receivable

Advance Tax

Bills Payable

Bank overdraft

Debentures

Accrued Interest

55000

40000

37000

48000

20000

4000

28000

4000

200000

4000

Marketable securities(Short term investment)

Provision for bad debt

Income received in advance

Coins

Cheque and Draft in hand

Treasury bills Purchased

Dividend payable

Sales tax payable

Provision for tax

Interest due on debentures

10000

5000

5000

2000

5000

6500

2000

2000

2000

5000

12. Calculate Acid-Test Ratio from the following:               Current Assets Rs.50000. Current assets include the following: Stock Rs.14000. Pre-paid Expenses Rs. 1000. Current liabilities Rs.20000. Current liabilities include Bank overdraft Rs.5000.

Debt Equity Ratio, Proprietary ratio and ratio of total asset to debt:

Q. Calculate Debt Equity Ratio, Proprietary ratio and ratio of total asset to debt:

Particulars

2012 (Rs.)

2013 (Rs.)

I. EQUITY AND LIABILITIES

1.       Shareholder’s Funds

a)      Share Capital

b)      Reserve and Surplus

2.       Non-Current Liabilities  - Long-term Borrowings (12% Loan)

3.       Current Liabilities

a)      Short-term Borrowings

b)      Trade Payables

c)       Short-term Provisions

 

 

7,50,000

4,50,000

7,50,000

1,75,000

1,00,000

25,000

 

 

15,00,000

3,00,000

12,00,000

3,50,000

2,00,000

50,000

Total

22,50,000

36,00,000

II. ASSETS

1.       Non-Current Assets

Fixed Assets (Tangible)

2.       Current Assets

a)      Inventories

b)      Trade Receivables

c)       Cash and Cash Equivalents

 

15,00,000

 

2,50,000

4,50,000

50,000

 

22,50,000

 

4,50,000

8,00,000

1,00,000

Total

22,50,000

36,00,000

Stock Turnover Ratio or Inventory Turnover Ratio

1. From the following details, calculate the Inventory Turnover Ratio:

Cost of Goods Sold

Inventory in the beginning of the year

Inventory at the close of the year

4,50,000

1,25,000

1,75,000

2. Opening Inventory Rs. 76,250; Closing Inventory Rs. 98,500; Revenue from Operations, i.e. Sales Rs. 5,20,000; Sales Returns Rs. 20,000; Purchases Rs. 3,22,250. Calculate the Stock or Inventory.

3. Calculate the Stock or Inventory Turnover Ratio from the data given below:

Inventory in the beginning of the year

Inventory at the end of the year

Purchases

20,000

10,000

50,000

Carriage Inwards

Revenue from Operations, i.e. Sales

5,000

1,00,000

4. From the following details, calculate the value of Opening Inventory.

Closing Inventory

Total Sales

Total Purchases

Goods are sold at a profit of 25% on cost.

68,000

4,80,000 (including Cash Sales Rs. 1,20,000)

3,60,000 (including Credit Purchases Rs. 2,39,200)

5. Calculate the Stock or Inventory Turnover Ration from the following:

Opening Inventory

Closing Inventory

Revenue from Operations, i.e. Sales

29,000

31,000

3,20,000

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ALSO READ (AHSEC ASSAM BOARD CLASS 12):

1. AHSEC CLASS 12 ACCOUNTANCY CHAPTERWISE NOTES

2. AHSEC CLASS 12 ACCOUNTANCY IMPORTANT QUESTION (THEORY)

3. AHSEC CLASS 12 ACCOUNTANCY IMPORTANT QUESTION BANK (PRACTICAL)

4. AHSEC CLASS 12 ACCOUNTANCY PAST EXAM PAPERS (FROM 2012 TILL DATE)

5. AHSEC CLASS 12 ACCOUNTANCY SOLVED QUESTION PAPERS (FROM 2012 TILL DATE)

6. AHSEC CLASS 12 ACCOUNTANCY CHAPTERWISE MCQS

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6. From the following information, determine the Opening and Closing Inventories: Inventory Turnover Ratio 5 Times, Total Sales Rs. 2,00,000, Rate of Gross Profit on Sales 25%. Inventory is more by Rs. 4,000 than the Opening Inventory.

7. Rs. 2,00,000 is the Cost of Goods Sold i.e. Cost of Revenue from Operations during 2011-12. If Inventory Turnover Ratio is 8 times, calculate the inventories at the end of the year. Inventories at the end are 1.5 times than that in the beginning.

8. Sales (Revenue from Operations) Rs. 4,00,000; Gross Profit Rs. 1,00,000; Closing Inventory Rs. 1,20,000; Excess of Closing Inventory over Opening Inventory Rs. 40,000. Calculate the Stock or Inventory Turnover Ratio.

9. Cost of Goods Sold i.e. (Revenue from Operations) Rs. 5,00,000; Purchase Rs. 5,50,000; Opening Inventory Rs. 1,00,000. Calculate the Stock Turnover Ratio.

10. Following figures have been extracted from Shivalika Mills Ltd.:

Stock in the beginning of the year Rs. 60,000;

Inventory at the end of the year Rs. 1,00,000.

Inventory Turnover Ratio 8 Times;

Selling price 25% above cost.

Compute the amount of Gross Profit and Sales (Revenue from Operations).

11. Following figures have been extracted from Shivalika Mills Ltd.:

Stock in the beginning of the year Rs. 60,000;

Inventory at the end of the year Rs. 1,00,000.

Inventory Turnover Ratio 8 Times;

Selling price 25% Sales.

Compute the amount of Gross Profit and Sales (Revenue from Operations).

12. Stock Turnover Ratio 5 times; Cost of Goods Sold Rs. 18,90,000. Calculate the Opening Inventory and Closing Inventory if Inventory at the end is 2.5 times more than that in the beginning.            [Opening Inventory – Rs. 1,68,000 and Closing Inventory – Rs. 5,88,000]

13. Rs. 3,00,000 is the Cost of Goods Sold. Inventory Turnover Ratio 8 times; Inventory in the beginning is 2 times more than the Inventory at the end. Calculate the value of Opening and Closing Inventories.            [Opening Inventory – Rs. 56,250 and Closing Inventory – Rs. 18,750]

14. From the given information, calculate the stock Turnover Ratio: Sales = Rs. 4, 00,000; Gross Profit Ratio=25%; Opening Stock was 1/3rd of the value of the Closing stock. Closing Stock was 30% of Sales.

Debtors’ Turnover Ratio

1. Compute the Debtors’ turnover Ratio from the following:

Gross Sales (Revenue from Operations)

Debtors in the beginning of year

Debtors at the end of year

Sales Return

9,00,000

83,000

1,17,000

1,00,000

7,50,000

1,17,000

83,000

50,000

2. Rs. 1,75,000 is the Net Sales (i.e. Revenue from Credit Sales) of a concern during 2011-12. If Debtors’ turnover Ratio is 8 times, calculate debtors in the beginning and at the end of the year. Debtors at the end is Rs. 7,000 more than that in the beginning.          

Creditors’ Turnover Ratio or Payable Turnover Ratio

1. Calculate the Creditors’ Turnover Ratio for the year 2011-12 in each of the alternative cases:

Case 1: Closing Trade Payable Rs. 35,000; Net Purchases Rs. 3,60,000; Purchases Return Rs. 60,000; Cash Purchases Rs. 90,000.

Case 2: Opening Trade Payables Rs. 15,000; Closing Trade Payables Rs. 45,000; Net Purchases Rs. 3,60,000.

Case 3: Closing Trade Payables Rs. 45,000; Net Purchases Rs. 3,60,000.

Case 4: Closing Trade Payables (including Rs. 25,000due to a supplier of machinery) Rs. 55,000; Net Credit Purchases Rs. 3,60,000.

2. Calculate the Creditors’ Turnover Ratio and Average Debt Payment Period for the year 2011-12 from the following information:

 

 

Sundry Creditors

Bills Payable

1st April, 2011

Rs.

1,50,000

50,000

31st March, 2012

Rs.

4,50,000

1,50,000

Total Purchases Rs. 21,00,000; Purchases Return Rs. 1,00,000; Cash Purchases Rs. 4,00,000.

Gross Profit Ratio

1. From the following, calculate the Gross Profit Ratio:  Gross Profit: Rs. 50,000; Revenue from Operations, i.e. Sales Rs. 5,50,000; Sales Return: Rs. 50,000.

2. (i) Compute the Gross Profit Ratio from the following information: Cost of Goods Sold Rs. 5,40,000; Net Sales (Revenue from Operation) Rs. 6,00,000; Sales Return Rs. 10,000.

(ii) Compute the Gross Profit Ratio from the following information: Revenue from Operations, i.e. Sales = Rs. 4,00,000; Gross Profit 25% on Cost.

3. (i) Revenue from Operations: Cash Sales Rs. 4,20,000; Credit Sales Rs. 6,00,000; Return Rs. 20,000. Cost of Goods Sold Rs. 8,00,000. Calculate the Gross Profit Ratio.

(ii) Average Inventory Rs. 1,60,000; Stock Turnover Ratio 6 Times; Selling Price 25% above cost. Calculate the Gross Profit Ratio.

(iii) Opening Inventory Rs. 1,00,000; Closing Inventory Rs. 60,000; Stock Turnover Ratio 8 Times; Selling Price 25% above cost. Calculate the Gross Profit Ratio.

Operating Ratio

1. Cost of Goods Sold Rs. 3,00,000. Operating Expenses Rs. 1,20,000. Revenue from Operations: Cash Sales  Rs. 5,20,000; Return Rs. 20,000. Calculate the Operating Ratio.

2. From the following details, calculate the Operating Ratio:

 

Cost of Goods Sold

Operating Expenses

Rs.

52,000

18,000

 

Revenue from Operations (Sales)

Sales Return

Rs.

88,000

8,000

3. Operating Ratio 92%; Operating Expenses Rs. 94,000; Revenue from Operations, i.e. Sales Rs. 6,00,000; Sales Return Rs. 40,000. Calculate the Cost of Goods Sold.

4. (i) Cost of Goods Sold Rs. 2,20,000; Net Revenue from Operations i.e. Sales Rs. 3,20,000; Selling Expenses             Rs. 12,000; Office Expenses Rs. 8,000; Depreciation Rs. 6,000. Calculate the Operating Ratio.

(ii) Net Revenue from Operations, i.e. Cash Sales Rs. 4,00,000; Credit Sales Rs. 1,00,000; Gross Profit Rs. 1,00,000; Office and Selling Expenses Rs. 50,000. Calculate the Operating Ratio.

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ALSO READ (AHSEC ASSAM BOARD CLASS 12):

1. AHSEC CLASS 12 ACCOUNTANCY CHAPTERWISE NOTES

2. AHSEC CLASS 12 ACCOUNTANCY IMPORTANT QUESTION (THEORY)

3. AHSEC CLASS 12 ACCOUNTANCY IMPORTANT QUESTION BANK (PRACTICAL)

4. AHSEC CLASS 12 ACCOUNTANCY PAST EXAM PAPERS (FROM 2012 TILL DATE)

5. AHSEC CLASS 12 ACCOUNTANCY SOLVED QUESTION PAPERS (FROM 2012 TILL DATE)

6. AHSEC CLASS 12 ACCOUNTANCY CHAPTERWISE MCQS

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Operation Profit Ratio

1. Calculate the Operating Profit Ratio in each of the following alternatives cases:

Case 1: Sales (Net Revenue from Operations) Rs. 10,00,000; Operating Profit Rs. 1,50,000.

Case 2: Sales (Net Revenue from Operations) Rs. 6,00,000; Operating Cost Rs. 5,10,000.

Case 3: Sales (Net Revenue from Operations) Rs. 3,60,000; Gross Profit 20% on sales; Operating Expense Rs. 18,000.

Case 4: Sales (Net Revenue from Operations) Rs. 4,50,000; Cost of Goods Sold Rs. 3,60,000; Operating Expenses Rs. 22,500.

Case 5: Cost of Goods Sold Rs. 8,00,000; Gross Profit 20% on Sales; Operating Expenses Rs. 50,000.

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