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Model Test Papers M.107
21. From the following information related to Strong Ltd., calculate:
(a) Return on Investment; and
(b) Total Assets to Debt Ratio.
Information: Fixed Assets ` 1,50,00,000; Current Assets ` 80,00,000; Current
Liabilities ` 54,00,000; 12% Debentures ` 1,60,00,000 and Net Profit
before Interest, Tax and Dividend ` 29,00,000.
Or
(i) Zebra Ltd. has Liquid Ratio of 2 : 1. If its inventories are ` 20,000 and its total
current liabilities are ` 50,000, find its Current Ratio.
(ii) Calculate Debt to Equity Ratio from the following details:
Total Assets = ` 10,00,000; Current Liabilities = ` 2,00,000; Equity = ` 3,00,000.
(4)
22. Prepare a Comparative Income Statement from the following information:
Particulars 31st March, 2017 31st March, 2018
Revenue from Operations ` 50,000 ` 60,000
Cost of Materials Consumed ` 30,000 ` 35,000
Employees Benefit Expenses ` 16,000 ` 14,000
Other Expenses ` 2,500 ` 3,500
Other Incomes ` 2,000 ` 3,000
Income Tax (% of Net Profit) 50% 50%
Or
Balance Sheet of Green India Ltd. as at 31st March, 2018 is given below:

BALANCE SHEET as at 31st March, 2018
Particulars Note No. 31st March, 31st March,
2018 (`) 2017 (`)
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
Share Capital 3,44,000 4,26,000
2. Non-Current Liabilities
Long-term Borrowings 4,38,000 6,96,000
3. Current Liabilities 78,000 2,98,000

Total 8,60,000 14,20,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets 4,30,000 5,68,000
(b) Non-current Investments 4,000 6,000
2. Current Assets 4,26,000 8,46,000
Total 8,60,000 14,20,000

Prepare Comparative Balance Sheet showing percentage changes from 2017 to 2018. (4)