Accounting Ratios — Accountancy STD 12 Commerce — Question

Calculate Operating Profit Ratio from the following information:

	₹
Opening Inventory	1,00,000
Purchases	10,00,000
Revenue from Operations, i.e., Net Sales	14,70,000
Administrative and Selling Expenses	1,70,000
Closing Inventory	1,50,000
Loss by fire	20,000
Dividend Received	30,000

A company had Current Assets of ₹ 4,50,000 and Current Liabilities of ₹ 2,00,000. Afterwards it purchased goods for ₹ 30,000 on credit. Calculate Current Ratio after the purchase.

Ghosh Ltd. made the second and final call on its 50,000 Equity Shares @ ₹ 2 per share on 1st January, 2016. The entire amount was received on 15th January, 2016 except on 100 shares allotted to Venkat. Pass necessary journal entries for the call money due and received by opening Calls-in-Arrears Account.

The net profit after interest and tax of a company was ₹ 1,20,000; Rate of income tax is 40%. The company has 10% debentures of ₹ 1,00,000. Calculate interest coverage ratio.

One of the objectives of 'Financial Statement Analysis' is to identify the reasons for change in the financial position of the enterprise. State two more objectives of this anlaysis.

Current Ratio 4.2 : 1; Current Assets ₹ 2,00,000. Calculate Current Assets.

Pass the necessary journal entries for issue of 1,000, 7% Debentures of ₹ 100 each in the following cases:

1. Issued at 5% premium redeemable at a premium of 10%.
2. Issued at a discount of 5% redeemable at par.

From the following information, calculate Change in inventory of Stock-in-Trade:
Opening and Closing Stock-in-Trade ₹ 5,00,000 and ₹ 4,50,000 respectively.

Calculate 'Debt Equity Ratio' from the following information:
Total Assets ₹ 3,50,000; Total Debt ₹ 2,50,000 and Current Liabilities ₹ 80,000.

Pass journal entries in the following cases:
A Co.Ltd. issued ₹ 40,000; 12% Debentures at a discount of 10% redeemable at par