6th SEM TDC DSE
COM (CBCS) 602 (GR-I)
2022 (June/July)
COMMERCE (Discipline Specific Elective)
(For Honours/Non-Honours)
Paper: DSE-602 (Group-I) (Financial
Statement Analysis)
Full Marks: 80
Pass Marks: 32
Time: 3 hours.
The figures in the margin indicate full marks for the questions
1. Write True or False: 1x5=5
(a) Financial statement in ordinary sense
means a statement relating to financial matter.
(b) Debt equity ratio is a solvency ratio.
(c) CRR stands for Cash Reserve Ratio.
(d) IFRS-10 is associated with consolidation
and joint ventures.
(e) Corporate social responsibility reporting
is not mandatory for any business in India.
2. Fill in the blanks: 1x3=3
(a) Creditors are always interested in
knowing the _______ of the business. (financial soundness / earning capacity /
solvency position.)
(b) Ratio of net profit before interest and
taxes to sales is _______ ratio. (net profit / profit / operative profit)
(c) Cash certificates are _______. (time
liabilities / demand liabilities / time and demand liabilities)
3. Write short notes on any four of the
following: 4x4=16
(a) Objectives of financial statement
analysis.
(b) Solvency ratio.
(c) Inter-firm comparison.
(d) Worth of equities.
(e) Corporate Governance.
4. (a) What is ratio analysis? What are its
characteristics? State the limitations of ratio analysis. 2+6+6=14
Or
(b) Dibrugarh Tea Ltd. presents its Profit
and Loss A/c for the year ending 31st March, 2022 and a Balance
Sheet as on that date as follow:
Profit and Loss A/c for the year ending 31st March, 2022
|
|
Rs. |
|
Rs. |
|
To
Opening Inventory To
Purchase of raw material To
Factory expenses To
Administrative expenses To
Selling expenses To
Interest on debenture To
Depreciation To
Net Profit |
40,000 50,000 60,000 20,000 10,000 2,000 5,000 50,000 |
By
Sales By
Closing Inventory By
Profit on sale of furniture |
2,00,000 30,000 7,000 |
|
|
2,37,000 |
|
2,37,000 |
Balance Sheet as on 31st March, 2022
|
Liabilities |
Rs. |
Assets |
Rs. |
|
Equity
shares of Rs. 10 each. 9%
Preference share of Rs. 100 each Reserve
6%
debenture Trade
Creditors Outstanding
expenses |
20,000 20,000 15,000 40,000 25,000 5,000 |
Fixed
Assets Inventory
Debtors
Bank
|
85,000 30,000 8,000 2,000 |
|
|
1,25,000 |
|
1,25,000 |
The company has paid 20%
dividend to equity shareholders and preference dividend has also been paid. Tax
rate is 30%. The equity shares are quoted in stock exchange at Rs. 40 per
share. Compute the following:
(a) Liquid Ratio.
(b) Debt-Equity Ratio.
(c) Dividend Coverage
Ratio.
(d) Debtors Turnover
Ratio.
(e) Working Capital
Turnover Ratio.
(f) Net Profit Ratio.
(g) Return on Investment
Ratio.
5. (a) The following information are
available for a firm:
(1) Gross Profit Ratio –
25%.
(2) Net Profit / Sales –
20%.
(3) Stock Turnover – 10.
(4) Net Profit / Capital –
1/5.
(5) Capital / Total
Liabilities – 1/2.
(6) Fixed Assets / Capital
– 5/4.
(7) Fixed Assets / Current
Assets – 5/7.
(8) Fixed Assets – Rs.
10,00,000.
(9) Closing Stock – Rs.
1,00,000.
Find out: 2x7=14
(a) Cost of Sales.
(b) Gross Profit.
(c) Net Profit.
(d) Current Assets.
(e) Capital.
(f) Total Liabilities.
(g) Opening Stock.
Or
(b) “Financial reporting should be a part of
the Annual Report of the Companies and it is the best way to provide
information to its shareholders.” Considering this statement, write a brief
note on financial statement and its types.
6. (a) What do you mean by financial
statement analysis? Discuss three objectives of financial statement analysis.
4+10=14
Or
(b) Give a brief note on mandatory and
voluntary disclosures on Corporate Social Responsibility Reporting. 14
7. (a) Discuss the new standards of corporate
governance under the Companies Act, 2013. 14
Or
(b) What is Non-Banking Financial Company?
Discuss the RBI guidelines on regulatory framework of NBFC. 4+10=14
Financial Statements Analysis Question Papers Dibrugarh University
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