Monday, May 20, 2019

Gauhati University Question Papers: Financial Statement Analysis (Major) (Nov-Dec’ 2015)


2015
FINANCIAL STATEMENT ANALYSIS
(Major)
Full Marks: 80
Time: 3 hours
(The figures in the margin indicate full marks for the questions)
1. Answer the following as directed:                                           1x5=5

a)         Financial Statement are
1)         Estimates of facts.
2)         Anticipated facts.
3)         Reordered facts. (Select the correct answer)
b)         Retained Earning Statement depicts:
1)         Appropriation of profits.
2)         Estimated of profits.
3)         Estimates of costs. (Select the correct answer)
c)          Vertical analysis refers to the comparison of financial data of a company for several years. (State whether the statement is true or false)
d)         Liquid ratio is also known as _______ ratio. (Fill up the gap).
e)         Which of the following is non-current asset?
1)         Bill Receivable.
2)         Goodwill.
3)         Cash Balance.
2. Write the meaning of the following:                                     2x5=10
a)         Assets.
b)         Horizontal analysis of Financial Statement.
c)          Leverage ratio.
d)         Trend analysis.
e)         Statement of changes in working capital.
3. Answer the following in brief:                                                             5x5=25
a)         Write the limitations of Financial Statements.
b)         Mention in brief the contents of board of Director Report.
c)          State the managerial use of ratio analysis.
d)         What is Gross Profit Ratio?
From the following information, calculate the Gross Profit Ratio?
Total Sales
Sales return
Cost of goods sold
Rs. 5,20,000
Rs. 20,000
Rs. 4,00,000

e)         Write the limitations of Found Flow Statement.
4. Why is Financial Statement significant? Write the characteristics of Financial Statement.                                                                                                                                                     4+6=10
Or
What is corporate reporting? State the voluntary disclosures of information by the various companies through annual report.                                                  2+8=10
5. From the following information, draw up a Balance Sheet:                                      15
Current ratio
Liquidity ratio
Networking capital
Stock turnover ratio
(Cost of sale/closing stock)
Gross profit ratio
Fixed assets turnover ratio
Average debt collection period
Fixed assets: Shareholders network
Reserves: Share Capital
2.5
1.5
Rs. 3,00,000
6 times

20%
2 times
2 months
1 : 1
0.5 : 1

Or
What is comparative statement? How do the comparative balance sheet and comparative income statement help in interpreting financial state of an enterprise? What is the basic difference between comparative statement and common size statement?                             2+8+5=15
6. What are the distinctions between Fund Flow Statement and Cash Flow Statement? State the significance of Cash Flow Statement. Mention the procedure of preparing Cash Flow Statement under indirect method. 5+5+5=15
Or
a)         Mention the limitation of Cash Flow Statement.
b)         The Following are the comparative Balance Sheet of ABC Ltd. as on 31st December, 2013 and 2014.    3+12=15
Liabilities
2013
Rs.
2014
Rs.
Assets
2013
Rs.
2014
Rs.
Share Capital
(Shares of Rs. 10 each)
Profit & Loss A/c
9% Debenture
Creditors

3,50,000

50,400
60,000
51,600

3,70,000

52,800
30,000
59,200
Land
Stocks
Goodwill
Cash and Bank
Temporary Investment
Debtors
1,00,000
2,46,000
50,000
42,000

3,000
71,000
1,50,000
2,13,500
25,000
35,000

4,000
84,500

5,12,000
5,12,000

5,12,000
5,12,000
Other particulars provided to you are –
a)         Dividends declared and paid during the year Rs. 17,500.
b)         Land was revalued during the years at Rs. 1,50,000 and the profit of revaluation transferred to Profit and Loss A/c.
You are required to prepare a Cash Flow Statement for the year ended 31st December 2014.

-000-

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