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12th Accountancy Monthly Test -3 ( Ratio Analysis )

St. Britto Hr. Sec. School - Madurai

12th Accountancy Monthly Test -3 ( Ratio Analysis )-Aug 2020

Time : 2.30 Hours

Part - A

Generic 5 - Answer All Question

Calculate
(i) Inventory turnover ratio
(ii) Trade receivables turnover ratio
(iii) Trade payables turnover ratio and
(iv) Fixed assets turnover ratio from the following information obtained from Aruna Ltd.

Particulars As on 31st March, 2019 Rs. As on 31st March, 2019 Rs.

Inventory 3,60,000 4,40,000

Trade receivables 7,40,000 6,60,000

Trade payables 1,90,000 2,30,000

Fixed assets 6,00,000 8,00,000

Additional information:
(i) Revenue from operations for the year Rs. 35,00,000
(ii) Purchases for the year Rs. 21,00,000
(iii) Cost of revenue from operations Rs. 16,00,000.
Assume that sales and purchases are for credit.

From the given information calculate the inventory turnover ratio and inventory conversion period (in months) of Devi Ltd.

Particulars Rs

Revenue from operations 12,00,000

Inventory at the beginning of the year 1,70,000

Inventory at the end of the year 1,30,000

Purchases made during the year 6,90,000

Carriage inwards 20,000

From the following details of a business concern calculate net profit ratio.

Particulars Rs.

Revenue from operations 3,50,000

Cost of revenue from operations 1,50,000

Administration expenses 50,000

Selling expenses 10,000

From the following statement of profit and loss of Dericston Ltd. calculate
(i) Gross profit ratio
(ii) Net profit ratio

Statement of Profit and Loss

Particulars Rs.

I. Revenue from operations 24,00,000

II. Other Income:

Income from investment 70,000

III. Total revenues (I+II) 24,70,000

IV. Expenses:

Purchases of Stock-in-trade 18,80,000

Changes in inventories - 80,000

Employee benefits expense 2,90,000

Other expenses 1,10,000

Provision for tax 30,000

Total expenses 22,30,000

V. Profit for the year 2,40,000

From the following figures obtained from Arjun Ltd, calculate the trade payables turnover ratio and credit payment period (in days).

Particulars Rs

Credit purchases during 2018 – 2019 9,50,000

Trade creditors as on 1.4.2018 60,000

Trade creditors as on 31.3.2019 50,000

Bills payable as on 1.4.2018 45,000

Bills payable as on 31.3.2019 35,000

From the following trading activities of Jones Ltd. calculate
(i) Gross profit ratio
(ii) Net profit ratio
(iii) Operating cost ratio
(iv) Operating profit ratio

Statement of Profit and Loss

Particulars Rs.

I. Revenue from operations 4,00,000

II. Other Income:

Income from investments 4,000

III. Total revenues (I+II) 4,04,000

IV. Expenses:

Purchases of Stock-in-trade 2,10,000

Changes in inventories 30,000

Finance costs 24,000

Other expenses (Administration and selling) 60,000

Provision for tax 30,000

Total expenses 3,24,000

V Profit before tax (III - IV) 80,000

Calculate gross profit ratio from the following:
Revenue from operations Rs.1,00,000, Cost of revenue from operations Rs.80,000 and purchases
Rs 62,500

Following is the statement of profit and loss of Maria Ltd. for the year ended 31st March, 2018.
Calculate the operating cost ratio.

Statement of Profit and Loss

Particulars Note No. Amount
Rs.

I. Revenue from operations 8,00,000

II. Other Income 20,000

III. Total revenue (I +II) 8,20,000

IV. Expenses:

Purchases of stock-in-trade 4,50,000

Changes in inventories -40,000

Employee benefits expenses 1 22,000

Other expenses 2 68,000

Total expenses 5,00,000

V. Profit before tax (III-IV) 3,20,000

Notes to Accounts

Particulars Amount
Rs.

1. Employee benefits expenses

Wages (direct) 10,000

Salaries 12,000

Total 22,000

2. Other expenses 20,000

Selling and distribution expenses 28,000

Loss on sale of fixed asset 20,000

Total 68,000

Calculate gross profit ratio from the following:
Revenue from operations Rs. 2,50,000, Cost of revenue from operations Rs. 2,10,000 and Purchases Rs. 1,80,000.

From the following information calculate debt equity ratio.

Balance Sheet (Extract) as on 31st March, 2019

Particulars Amount
Rs.

I. EQUITY AND LIABILITIES

1. Shareholders' funds

(a) Share capital

Equity share capital 6,00,000

(b) Reserves and surplus 2,00,000

2. Non-current liabilities

Long-term borrowings (Debentures) 6,00,000

3. Current liabilities

(a) Trade payables 1,60,000

(b) Other current liabilities

Outstanding expenses 40,000

Total 16,00,000

Following is the statement of profit and loss of Padma Ltd. for the year ended 31st March, 2018. Calculate the operating cost ratio.

Statement of Profit and Loss

Particulars Note No. Amount Rs.

I. Revenue from operations 15,00,000

II. Other Income 40,000

III. Total revenue (I+II) 15,40,000

IV. Expenses:

Purchases of Stock-in-trade 8,60,000

Changes in inventories 40,000

Employee benefits expense (Salaries) 1,60,000

Other expenses 1 1,70,000

Total expenses 12,30,000

V. Profit before tax (III-IV) 3,10,000

Notes to Accounts

Particulars Amount Rs.

1. Other expenses

Office and administrative expenses 50,000

Selling and distribution expenses 90,000

Loss on sale of furniture 30,000

1,70,000

From the following Balance Sheet of Sundaram Ltd. calculate proprietary ratio:

Balance Sheet of Sundaram Ltd. as on 31.3.2019

Particulars Amount
Rs.

I. EQUITY AND LIABILITIES

1. Shareholders' funds

(a) Share capital

(i) Equity share capital 2,50,000

(ii) Preference share capital 1,50,000

(b) Reserves and surplus 50,000

2. Non-current liabilities

Long-term borrowings -

3. Current liabilities

Trade payables 1,50,000

Total 6,00,000

II ASSETS

1. Non-current assets

(a) Fixed assets 4,60,000

(b) Non-current investments 1,00,000

2. Current assets

Cash and Cash equivalents 40,000

Total 6,00,000

Following is the extract of balance sheet of Abdul Ltd., as on 31st March, 2019:

Particulars Rs.

I. EQUITY AND LIABILITIES

1. Shareholders' funds

(a) Share capital 2,00,000

(b) Reserves and surplus 50,000

2. Non-current liabilities

Long-term borrowings 1,50,000

3. Current liabilities

(a) Trade payables 1,30,000

(b) Other current liabilities 5,000

(c) Short-term provisions 20,000

Provision for tax 30,000

Total 5,55,000

Net profit before interest and tax for the year was ` 60,000. Calculate the return on capital employed for the year.

Calculate operating profit ratio under the following cases.
Case 1: Revenue from operations Rs 10,00,000, Operating profit Rs.1,50,000.
Case 2: Revenue from operations Rs.15,00,000, Operating cost Rs.12,00,000.
Case 3: Revenue from operations Rs.20,00,000, Gross profit 30% on revenue from operations,
Operating expenses Rs.4,00,000

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