Page 121 - MA12

Model Test Papers M.27

10. (a) From the following information, calculate any two of the following ratios:
(i) Debt to Equity Ratio;
(ii) Working Capital Turnover Ratio;
(iii) Return on Investment (ROI).
Information:
Equity Share Capital ` 5,50,000; General Reserve ` 50,000; Statement of Profit and Loss
(Profit after Interest and Tax) ` 1,00,000; 9% Debentures ` 2,00,000; Creditors ` 1,00,000;
Land and Building ` 6,50,000; Equipments ` 1,50,000; Debtors ` 1,45,000; Cash ` 55,000.
Revenue from Operations (Net Sales) for the year ended 31st March, 2020 was
` 15,00,000 and Tax Paid 50%.
(b) Calculate Debt to Total Assets Ratio from the following information:
` `
Fixed Assets (Gross) 18,00,000 Accumulated Depreciation 3,00,000
Non-current Investments 30,000 Current Liabilities 6,00,000
Long-term Loans and advances 1,20,000 Long-term Borrowings 9,00,000
Current Assets 7,50,000 Long-term Provisions 3,00,000
(c) Calculate Earning Per Share (EPS) from the following:
Net Profit after Tax, ` 1,00,000
10% Preference Share Capital (` 10 each) ` 2,00,000
Equity Share Capital (` 10 per share) ` 2,00,000
[6 + 2 + 2 = 10]

11. (a) What is Common-size Balance Sheet? Give one objective of Common-size
Balance Sheet.
(b) Calculate Trade Payables Turnover Ratio from the following information:
`
Total Purchases 4,20,000
Cash Purchases 40,000
Purchases Return 20,000
Opening Creditors 40,000
Closing Creditors 30,000
Opening Bills Payable (B/P) 50,000
Closing Bills Payable (B/P) 60,000
(c) From the following information taken from the Income Statement of Sandalwood
Products Ltd. for the years ended 31st March, 2020 and 2019, prepare Comparative
Statement of Profit and Loss:

Particulars 31st March, 31st March,
2020 (`) 2019 (`)
Revenue from Operations 14,00,000 11,00,000
Other Incomes 4,00,000 3,00,000
Expenses 11,00,000 12,00,000
Rate of Income Tax was 50%.
Also, calculate Net Profit Ratio for 2019–20. [2 + 2 + 6 = 10]