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Model Test Papers M.497

Or
(a) State how Financial Statements Analysis is not free from personal bias.
(b) State under which major heading following items will be shown in the Balance
Sheet of a company as per Schedule III, Part I of the Companies Act, 2013:
(i) Long-term Borrowings;
(ii) Trade Payables;
(iii) Provision for Tax;

(iv) Securities Premium Reserve;
(v) Patents;
(vi) Accrued Incomes. (1 + 3)
21. Prepare Common-size Statement of Profit and Loss from the following information:

Particulars 31st March, 2018 31st March, 2017
Revenue from Operations (% of Materials Consumed) 125% 200%
Cost of Materials Consumed ` 6,72,000 ` 3,00,000
Other Expenses (% of Operating Revenue) 10% 10%
Tax Rate 30% 30%
(4)
22. (a) A firm had Current Liabilities of ` 90,000. It then acquired Stock-in-trade at a cost
of ` 10,000 on credit. After this acquisition, the Current Ratio was 2 : 1. Determine
the size of Current Assets and Working Capital after and before the inventories
was acquired.
(b) Operating Cost ` 27,20,000, Operating Expenses ` 3,20,000, Gross Profit Ratio
25%. Calculate Operating Ratio.

Or
(a) Total Assets are ` 17,60,000; Non-current Assets are ` 8,00,000; Capital Employed is
` 16,00,000. Calculate Current Ratio.
(b) Non-current Liabilities are ` 4,00,000, Capital Employed is ` 6,00,000, Current
Liabilities are ` 2,00,000. Calculate Total Assets to Debt Ratio. (4)
23. (a) From the following information, calculate Cash Flow from Operating Activities:

Particulars 31st March, 2018 31st March, 2017
` `
Surplus, i.e., Balance in the Statement of Profit and Loss 71,000 89,000
Inventory 12,000 4,000
Trade Receivables 58,000 45,000
Outstanding Expenses 14,600 10,000
Goodwill 57,000 27,000
Cash in Hand 9,000 12,000
Machinery 82,000 56,000