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3.48 Analysis of Financial Statements—CBSE XII
17. Following is the Balance Sheet of Star Sports Ltd. as at 31st March, 2024. You are required to calculate
Debt to Equity Ratio for the two years.
BALANCE SHEET as at 31st March, 2024
Particulars Note 31st March, 31st March,
No. 2024 (`) 2023 (`)

I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 7,50,000 7,50,000
(b) Reserves and Surplus 1,50,000 2,50,000
2. Non-Current Liabilities
(a) Long-term Borrowings 13,00,000 9,00,000
(b) Long-term Provisions 2,00,000 1,00,000
3. Current Liabilities
(a) Trade Payables 1,50,000 1,00,000
(b) Short-term Provisions 50,000 ...
Total 26,00,000 21,00,000
II. ASSETS
1. Non-Current Assets
Property, Plant and Equipment and Intangible Assets:
—Property, Plant and Equipment 9,00,000 10,50,000
2. Current Assets
(a) Inventories 6,00,000 4,50,000
(b) Trade Receivables 9,50,000 4,50,000
(c) Cash and Cash Equivalents 1,50,000 1,50,000
Total 26,00,000 21,00,000

[Ans.: Debt to Equity Ratio: 2024—1.67 : 1; 2023—1 : 1.]
18. Following is the Balance Sheet of Best Barcode Ltd. as at 31st March, 2024. You are required to
calculate Current Ratio and Liquid Ratio for the two years.
BALANCE SHEET as at 31st March, 2024
Particulars Note 31st March, 31st March,
No. 2024 (`) 2023 (`)
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 5,00,000 5,00,000
(b) Reserves and Surplus 5,00,000 4,00,000
2. Non-Current Liabilities
Long-term Borrowings 4,50,000 5,00,000
3. Current Liabilities
(a) Short-term Borrowings 2,00,000 75,000
(b) Trade Payables 3,50,000 2,00,000
Total 20,00,000 16,75,000
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 2,00,000
2. Current Assets
(a) Inventories 4,00,000 2,75,000
(b) Trade Receivables 4,50,000 3,50,000
(c) Cash and Cash Equivalents 2,50,000 2,00,000
(d) Other Current Assets 2,00,000 1,00,000
Total 20,00,000 16,75,000

[Ans.: Current Ratio: 2024—2.36 : 1; 2023—3.36 : 1; Liquid Ratio: 2024—1.64 : 1; 2023—2.36 : 1.]