SANJEEV SIRS COMMERCE EDUCATIONAL ZONE FOR CLASSES 11 & 12 CBSE,ISC,IGCSE,IB,AS & A

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Ratio
Time: 2 hours
----------------------------------------------------------------------------------------------------------------------------------------------------------Q1.From the following details calculate Opening Inventory.
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Closing Inventory Rs 60,000, Total Revenue from operations Rs 500,000(including cash revenue Rs 100,000),Total
purchases Rs 300,000(including Credit purchases Rs 60,000), Goods were sold at a profit of 25% on cost.
Q2.From the following calculate (i)Debt Equity ratio (ii)Working Capital turnover ratio
Net revenue from operations Rs 60,00,000, Cost of revenue from operations Rs 45,00,000, Other current assets Rs
11,00,000, Current liabilities Rs 400,000, Paid up capital Rs 600,000, 6% Debenture Rs 300,000, 9% Loan Rs 100,000,
Debenture Redemption Reserve Rs 200,000, Closing inventory Rs 100,000.
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Q3.Claculate the following ratio (i)Liquid Ratio (ii)Debt equity ratio (iii)Working capital turnover ratio (iv)Current ratio
Net revenue from operations Rs 300,000, Gross Profit Rs 100,000, Total current assets Rs 200,000, Closing Inventory Rs
20,000, Prepaid Insurance Rs 4,000, Total current liabilities Rs 120,000, Share Capital Rs 350,000, Reserves & Surplus
Rs 33,000, Non Current assets Rs 430,000.
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Q4.Calculate (i)NP ratio (ii)Debt equity ratio & (iii)Quick Ratio
Paid up capital Rs 20,00,000,Capital Reserve Rs 200,000, 9% Debenture Rs 800,000, Net Revenue from Operations Rs
14,00,000, GP Rs 800,000, Indirect expenses Rs 200,000, Current assets Rs 400,000, Current Liabilities Rs 300,000,
Opening Inventory Rs 50,000, Closing inventory is 20% more than the opening inventory.
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Q5.from the following calculate (i)GP ratio (ii)Working capital turnover ratio (iii)Proprietary ratio
Paid up capital Rs 800,000, current assets Rs 500,000, credit revenue from operations Rs 300,000, cash revenue from
operations 75% of credit sales, 9% Debentures Rs 340,000, current liabilities Rs 290,000, Cost of revenue from
operations Rs 680,000.
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Q6.Calculate(i) Operating ratio, Quick ratio, working capital turnover ratio, Proprietary ratio
Equity share capital Rs 100,000, 8% Preference share capital Rs 80,000, Long term borrowing(9% Debentures) Rs
60,000, General Reserve Rs 10,000, Revenue from operation Rs 200,000, Opening inventory Rs 12,000, Purchases Rs
120,000, wages Rs 8,000, Closing inventory Rs 18,000, Selling & Distribution Rs 2,000, other current assets Rs 50,000,
tangible fixed assets Rs 212,000,current liabilities Rs 30,000
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Q7.Profit after interest & before tax RS 140,000, 15% Long term debt Rs 400,000,share holders fund Rs 240,000, Tax
rate 50%, Calculate NP ratio assuming Revenue from operations was Rs 10,00,000.
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Q8.Calculate GP ratio, Operating ratio, Operating profit ratio & NP ratio.
Opening inventory Rs 300,000, Closing inventory Rs 420,000, Purchases Rs 14,00,000, wages Rs 370,000, carriage
inwards Rs 150,000, Administrative expenses Rs 84,000, selling expenses Rs 36,000, income tax Rs 100,000, Profit on
sale of fixed asset Rs 20,000, Revenue from operation Rs 24,00,000.
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Q9.Calculate (i)NP ratio & (ii)operating profit ratio (iii)Operating ratio
Revenue from operation Rs 200,000, GP Rs 75,000, Office expenses Rs 15,000, Selling expenses Rs 26,000, Interest on
loan Rs 5,000, Accidental Loss Rs 12,000, Income Rent Rs 2,500, Commission Received Rs 2,000.
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Q10.Operating Ratio 75%, Operating expenses Rs 40,000, Revenue from operations Rs 500,000, Revenue from
operation return Rs 20,000. Calculate Cost of revenue from operations.
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Q11.Calculate Operating ratio from following: Net Revenue from operations Rs 800,000, Cash Revenue from operations
Rs 200,000, GP ratio 20%, Office & Selling expenses Rs 60,000, Depreciation 20,000, Loss on asset sale Rs 10,000. [2]
Q12.Revenue from operation Rs 400,000. GP on cost 25%. Calculate GP ratio.
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Q13.Calculate (i)Trade receivable ratio, Average collection period, Trade payable turnover ratio & Average Payment
period Given :Revenue from operations Rs 3,60,00,000, Creditors Rs 12,00,000, Bills receivable Rs 800,000, Bills
payable Rs 60,000, Purchases Rs 1,50,00,000, Debtors Rs 40,00,000.
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Q14.Calculate Opening & Closing trade receivables from following: Trade receivable ratio 4 times, Cost of revenue from
operations Rs 640,000, GP ratio 20%, Closing trade receivable was Rs 20,000 than beginning. Cash revenue from
operations being 33.33% of credit revenue from operations.
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Q15.Revenue from operations Rs 10,00,000, GP 25% on cost of revenue from operations, Purchases Rs 840,000,
Closing inventory Rs 180,000.Find GP ratio.
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Q16.Equity share capital Rs 300,000, 10% Preference Share capital Rs 120,000, Capital Reserve Rs 60,000, Profit &
Loss Rs 120,000, 12% Debentures Rs 50,000,10% Debentures Rs 150,000, Current liabilities 280,000, Non Current
assets Rs 480,000, Current assets Rs 600,000. Calculate (i)Debt equity ratio (ii)Proprietary ratio(iii) Interest coverage
ratio. NP after interest & tax amounted to Rs 63,000. Rate of tax 50%.
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Q17.Profit after interest & tax Rs 198,000, Rate of tax 40%, 15% Debentures 200,000.Calculate interest coverage ratio[2]
Q18.Calculate (i)Debt equity ratio (ii)Total assets ratio (iii)Proprietary ratio
Long term borrowing Rs 100,000, Long term provision Rs 50,000, Current liabilities Rs 25,000, Non Current liabilities Rs
180,000, Current assets Rs 45,000.
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SANJEEV SIRS COMMERCE EDUCATIONAL ZONE FOR CLASSES 11 & 12 CBSE,ISC,IGCSE,IB,AS & A