Commerce Exam  >  Commerce Notes  >  DK Goel Solutions - Class 12 Accountancy  >  DK Goel Solutions: Accounting Ratios

DK Goel Solutions: Accounting Ratios | DK Goel Solutions - Class 12 Accountancy - Commerce PDF Download

Q1: From the following, compute the current ratio.
DK Goel Solutions: Accounting Ratios | DK Goel Solutions - Class 12 Accountancy - CommerceAns: 
DK Goel Solutions: Accounting Ratios | DK Goel Solutions - Class 12 Accountancy - Commerce
Current Assets = Current Investments + Inventories (Excluding Loose Tools) + Trade Receivables (Sundry Debtors + Bills Receivables) + Cash and Bank Balance
= 40,000 + 2,30,000 + 1,60,000 + 20,000 + 30,000
= Rs. 4,80,000/-
Current Liabilities = Trade Payables (Sundry Creditors + Bills Payables) + Short term Borrowings + Short term Provision (Provision for Tax)
= 1,20,000 + 10,000 + 50,000 + 20,000
= Rs. 2,00,000/-
DK Goel Solutions: Accounting Ratios | DK Goel Solutions - Class 12 Accountancy - Commerce


Q2: Following particulars are given to you:
DK Goel Solutions: Accounting Ratios | DK Goel Solutions - Class 12 Accountancy - Commerce

Calculate the Liquidity Ratios.
Ans:
Liquidity Ratios include the following 2 ratios. Namely,

  • Current ratio
  • Quick ratio

DK Goel Solutions: Accounting Ratios | DK Goel Solutions - Class 12 Accountancy - Commerce

Current Assets = Marketable Securities + Trade Receivables + Cash and Bank Balance + Inventories + Income Tax paid in advance

= 40,000 + 1,80,000 + 80,000 + 3,90,000 + 30,000
= Rs. 7,20,000/-
Current Liabilities = Trade Payables + Rent Payable + Dividend Payable + Bank Overdraft + Provisions for Tax
= 1,20,000 + 10,000 + 30,000 + 25,000 + 55,000
= Rs. 2,40,000/-

DK Goel Solutions: Accounting Ratios | DK Goel Solutions - Class 12 Accountancy - Commerce

DK Goel Solutions: Accounting Ratios | DK Goel Solutions - Class 12 Accountancy - Commerce

Liquid Assets = Current Assets – Inventories – Income Tax Paid in Advance
= 7,20,000 – 3,90,000 – 30,000
= 3,00,000
DK Goel Solutions: Accounting Ratios | DK Goel Solutions - Class 12 Accountancy - Commerce

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