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3.38 Analysis of Financial Statements—CBSE XII

Unsolved Questions

1. Current Assets and Current Liabilities of Times Ltd. are as follows:
Current Assets ` Current Liabilities `
Cash and Cash Equivalents 50,000 Creditors 3,00,000
Debtors 3,10,000 Bills Payables 1,20,000
Bills Receivable 30,000 Short-term Borrowings 1,00,000
Marketable Securities 1,50,000
Inventories 5,00,000
10,40,000 5,20,000
Calculate Current Ratio and Liquid Ratio. [Ans.: Current Ratio = 2 : 1; Liquid Ratio = 1.04 : 1.]

2. From the following Balance Sheet of Star Ltd., calculate Current Ratio:
BALANCE SHEET as at 31st March, 2024
Particulars `
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 63,000
(b) Reserves and Surplus 12,000
2. Current Liabilities
(a) Short-term Borrowings 6,000
(b) Trade Payables 18,000
Total 99,000
II. ASSETS
1. Non-Current Assets
Property, Plant and Equipment and Intangible Assets—Property, Plant and Equipment 51,000
2. Current Assets
(a) Inventories 18,600
(b) Trade Receivables 9,600
(c) Cash and Cash Equivalents 19,800
Total 99,000
[Ans.: Current Ratio = 2 : 1.]
3. Following is the Balance Sheet of Bright Co. Ltd. as at 31st March, 2024:
Particulars `
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 7,00,000
(b) Reserves and Surplus:
(i) General Reserve 80,000
(ii) Surplus, i.e., Balance in Statement of Profit & Loss 20,000 1,00,000
2. Non-Current Liabilities
Long-term Borrowings (12% Debentures) 2,00,000
3. Current Liabilities
(a) Trade Payables 50,000
(b) Other Current Liabilities 50,000
Total 11,00,000