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Ratios (Important Questions) : Accountancy Class 12 Notes - Class 12

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Delhi Institute of Commerce and Economics 
1 Delhi Institute of Commerce and Economics 
 
Ratios 
Test 
Time – 50 mins           M.M.- 30 
1. The current ratio of the company is 2.5:1. State giving reasons whether declaration of dividend will 
improve, reduce or not change the ratio.                     1 
 
2. If operating ratio of a company is 24% what is the operating profit ratio of the company?  1 
 
3. Find debt equity and proprietary ratio and also comment upon the financial position of the business 
 Total assets   Rs.50,000 
 Total debt  Rs. 20,000 
 Equity    Rs. 10,000         3 
 
4. What will be the impact of the following transactions on debt equity ratio-.8:1 
Sale of fixed assets at a profit 
Declaration of dividend 
Payment of dividend for dividend already declared       3
         
 
5. a) X Ltd. has a current ratio of 3.5:1 and quick ratio of 2:1. If excess of current assets over quick assets 
represented by Inventory is 24,000, calculate current assets and current liabilities. 
b) From the following information, calculate Inventory Turnover Ratio. 
Revenue from Operations: 4,00,000, Average Inventory : 55,000, The rate of Gross Loss on 
Revenue from Operations was 10%.         4. 
 
6. Net profit after Interest taxes is Rs2,80,000,15% long term debt Rs8,00,000. 10% preference Share 
capital Rs4,80,000, Tax rate 30% Calculate return on capital employed and interest coverage ratio. 4 
 
7. A company’s Stock Turnover is 5 times. Stock at the end is Rs. 20,000 more than that at the 
beginning. Revenue from operations are Rs. 8,00,000. Rate of Gross Profit on cost 1/4; Current 
Liabilities Rs. 2,40,000. Acid Test Ratio 0.75. Calculate Current Ratio    4 
 
8. From the following information, calculate the following ratios:     4 
(i) Acid Test Ratio  (ii) Debt Equity Ratio (iii) Working Capital Turnover Ratio (iv) operating ratio 
Information: 
Net RFO  3,00,000; Gross Profit  1,00,000; Total Current Assets  2,00,000; Closing Inventory  20,000; 
Prepaid Insurance  4,000; Total Current Liabilities  1,20,000; Share Capital  3,50,000; Reserve & 
Surplus  40,000; Preliminary Expenses  7,000; Fixed Assets  4,30,000, selling and distribution 
expenses Rs.4,000 & office and administrative expenses Rs.6,000. 
 
9. Current ratio- 2,Quick ratio- 1.5,Working capital-  rs.3,00,000 Closing stock is 3times more than the 
opening stock, Average age of inventory 73 days, Gross profit is 10% of revenue from operations, Cash 
revenue from operations is ¼ of credit revenue from operations, Average debtors-Rs.50000.Find Cl. stock, 
cost of revenue from operations and debtors velocity.       6 
 
 
 
 
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