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PTP.2 Analysis of Financial Statements—CBSE XII
Inventories for the years ended 31st March, 2022—` 2,00,000; 31st March,
2023—` 2,50,000 and 31st March, 2024—` 2,50,000.
Calculate Inventory Turnover Ratio for the two years. (4)
6. From the following Balance Sheet of Crystal Company Ltd. as at 31st March, 2024, prepare
Cash Flow Statement:
BALANCE SHEET OF CRYSTAL COMPANY LTD. as at 31st March, 2024
Particulars Note No. 31st March, 31st March,
2024 (`) 2023 (`)

I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 6,00,000 4,00,000
(b) Reserves and Surplus 1 2,00,000 1,00,000
2. Non-Current Liabilities
Long-term Borrowings: Bank Loan 1,00,000 1,00,000
3. Current Liabilities
(a) Short-term Borrowings 2 ... 1,00,000
(b) Trade Payables (Creditors) 45,000 60,000
(c) Short-term Provisions 3 70,000 40,000
Total 10,15,000 8,00,000
II. ASSETS
1. Non-Current Assets
(a) Property, Plant and Equipment and Intangible Assets:
(i) Property, Plant and Equipment: Building 6,00,000 6,00,000
(ii) Intangible Assets: Patents 45,000 50,000
(b) Non-current Investments 75,000 ...
2. Current Assets
(a) Inventories 15,000 10,000
(b) Trade Receivables (Debtors) 1,95,000 1,20,000
(c) Cash and Cash Equivalents 85,000 20,000
Total 10,15,000 8,00,000
Notes to Accounts
Particulars 31st March, 31st March,
2024 (`) 2023 (`)

1. Reserves and Surplus
Surplus, i.e., Balance in Statement of Profit & Loss 2,00,000 1,00,000
2. Short-term Borrowings
Current Maturities of Long-term Debts (Bank Loan) ... 1,00,000
3. Short-term Provisions
Provision for Tax 70,000 40,000
Additional Information:
1. During the year Building costing ` 75,000 was purchased. Loss on Sale of Building
was ` 5,000. Depreciation charged on Building was ` 12,000.
2. Proposed dividend for the years ended 31st March, 2022 and 2023 were ` 80,000
and ` 60,000 respectively. (6)