Page 336 - MA-12

Model Test Papers M.27

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

(i) Liquid Ratio;
(ii) Proprietary Ratio; and
(iii) Working Capital Turnover Ratio.
`
Revenue from Operations 5,00,000
Total Current Assets 3,00,000

Prepaid Insurance 5,000
Share Capital 4,00,000
Non-Current Assets 6,00,000
Gross Profit 1,50,000
Closing Inventory 25,000
Total Current Liabilities 1,50,000
Reserves and Surplus 50,000
(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,
2019 (`) 2018 (`)
Equity Share Capital 25,00,000 25,00,000
Fixed Assets (Tangible) 36,00,000 30,00,000
Reserves and Surplus 6,00,000 5,00,000
Investment (Non-current) 5,00,000 5,00,000
Long-term Loans 15,00,000 15,00,000
Current Assets 10,50,000 15,00,000
Current Liabilities 5,50,000 5,00,000

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