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3.26                                         Analysis of Financial Statements—CBSE XII
                      II.  ASSETS
                        1.  Non-Current Assets
                          (a)  Property, Plant and Equipment and Intangible Assets:
                              —Property, Plant and Equipment                         6,00,000    5,50,000
                          (b)  Non-current Investments                               1,00,000    1,00,000
                        2.  Current Assets
                          (a)  Inventories                                    3      4,50,000    3,75,000
                          (b)  Trade Receivables                              4      5,00,000    2,50,000
                          (c)  Cash and Cash Equivalents                             2,00,000    2,00,000
                        Total                                                        18,50,000    14,75,000


                     Notes to Accounts
                       Particulars                                                  31st March,   31st March,
                                                                                      2024 (`)   2023 (`)
                       1.  Short-term Borrowings
                          Bank Overdraft                                                60,000    50,000
                          Loan Against Fixed Deposit                                    40,000    25,000
                                                                                       1,00,000    75,000
                       2.  Trade Payable
                          Sundry Creditors                                             2,00,000    1,65,000
                          Bills Payable                                                 50,000    35,000
                                                                                       2,50,000    2,00,000
                       3.  Inventories
                          Materials                                                    2,25,000    1,75,000
                          Finished Goods                                               1,25,000    1,75,000
                          Loose Tools                                                  1,00,000    25,000
                                                                                       4,50,000    3,75,000
                       4.  Trade Receivables
                          Sundry Debtors                                               4,00,000    2,25,000
                          Bills Receivable                                             1,00,000    25,000
                                                                                       5,00,000    2,50,000


                     Solution:
                     Current Ratio                        31st March, 2024         31st March, 2023

                         Current Assets                       `  10,50,000             `  8,00,000
                     =                                                              =
                       Current Liabilities                     `  3,50,000             `  2,75,000
                                                            =  3 : 1                 = 2.91 : 1
                     Working Note:
                                Current Assets =  Inventories (Excluding Loose Tools) + Trade Receivables +
                                               Cash and Cash Equivalents
                                       2024 =  ` 3,50,000 + ` 5,00,000 + ` 2,00,000 = ` 10,50,000
                                       2023 =  ` 3,50,000 + ` 2,50,000 + ` 2,00,000 = ` 8,00,000
                             Current Liabilities =  Short-term Borrowings + Trade Payables
                                       2024 =  ` 1,00,000 + ` 2,50,000 = ` 3,50,000
                                       2023 =  ` 75,000 + ` 2,00,000 = ` 2,75,000.
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