Page 142 - MA12

M.48 Management Accounting (Section B)—ISC XII

10. (a) Calculate following ratios from the given information:

(i) Liquid Ratio;
(ii) Proprietary Ratio; and
(iii) Working Capital Turnover Ratio.
`
Revenue from Operations 10,00,000
Total Current Assets 6,00,000

Prepaid Insurance 10,000
Share Capital 8,00,000
Non-Current Assets 12,00,000
Gross Profit 3,00,000
Closing Inventory 50,000
Total Current Liabilities 3,00,000
Reserves and Surplus 1,00,000
(b) Calculate Trade Receivables Turnover Ratio from the following:
Closing Trade Receivables ` 40,000; Credit Revenue from Operations being 25% of
Cash Revenue from Operations; Excess of Closing Trade Receivables over Opening
Trade Receivables ` 20,000; and Total Revenue from Operations ` 1,50,000.
[6 + 4 = 10]
11. (a) From the following information, prepare a Comparative Balance Sheet of Fable Ltd:

Particulars 31st March, 31st March,
2020 (`) 2019 (`)
Equity Share Capital 50,00,000 50,00,000
Fixed Assets (Tangible) 72,00,000 60,00,000
Reserves and Surplus 12,00,000 10,00,000
Investment (Non-current) 10,00,000 10,00,000
Long-term Loans 30,00,000 30,00,000
Current Assets 21,00,000 30,00,000
Current Liabilities 11,00,000 10,00,000

(b) Give two advantages of Comparative Balance Sheet.
(c) Sun Ltd. has 8% Debentures of ` 5,00,000. Its profit before interest and tax is
` 2,00,000. Calculate Interest Coverage Ratio. [6 + 2 + 2 = 10]