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Question 1:
Liabilities $ Assets $
Sundry creditors 40,000 Inventories 120,000
Bills payable 30,000 Sundry debtors 140,000
Dividend payable 36,000 Cash at Bank 40,000
Accrued expenses 14,000 Bills Receivable 60,000
Short-term advances 50,000 Prepaid expenses 20,000
Share Capital 150,000 Machinery 200,000
Debenture 200,000 Patents 50,000
Land & Building 150,000
Question 2:
$
Current Assets 400,000
Current Liabilities 200,000
Inventories (stock) 25,000
Prepaid Expenses 25,000
Land and Building 400,000
Share Capital 300,000
Good Will 200,000
Question 3:
$ Goodwill 2,00,000
Bills Payable 30,000 Land and Building 2,00,000
Sundry Creditors 20,000 Inventories 50,000
Share Capital 100,000 Cash in Hand 30,000
Debenture 200,000 Cash at Bank 20,000
1
Tutorial –Ratio Analysis 1
Question 4:
$
Cash in Hand 10,000
Cash at Bank 15,000
Sundry Debtors 75,000
Stock 60,000
Bills Payable 25,000
Bills Receivable 30,000
Sundry Creditors 40,000
Outstanding Expenses 20,000
Prepaid Expenses 10,000
Dividend Payable 15,000
Land and Building 200,000
Goodwill 100,000
2
Tutorial –Ratio Analysis 1
Question 5:
$
Sales 500,000
Sales Return 50,000
Closing Stock 35,000
Opening Stock 70,000
Purchases 350,000
Question 6:
$
Cost of goods sold 400,000
Office and Administrative Expenses 30,000
Selling and Distribution Expenses 20,000
Sales 600,000
Sales Return 20,000
Question 7:
$
Gross Sales 650,000
Sales Return 50,000
Opening Stock 25,000
Closing Stock 30,000
Purchases 410,000
Office and Administrative Expenses 50,000
Selling and Distribution Expenses 40,000
3
Tutorial –Ratio Analysis 1
Question 8:
$
Net Sales 400,000
Cost of Goods Sold 300,000
Office and Administrative Expenses 20,000
Selling and Distribution Expenses 15,000
Question 9:
Current Ratio 2.6
Quick or Acid test Ratio 1.4
Working Capital $ 110,000
Required: Calculate: (I) Current Assets (2) Current Liabilities (3) Quick Assets and (4) Stock.
4
Tutorial –Ratio Analysis 1
Question 10:
Required :