Accounting Ratios- Case Based Type Questions - Free with solutions Commerce
MCQ Practice Test & Solutions: Test: Accounting Ratios- Case Based Type Questions (12 Questions)
You can prepare effectively for Commerce Online MCQ Tests for Commerce with this dedicated MCQ Practice Test (available with solutions) on the important topic of "Test: Accounting Ratios- Case Based Type Questions". These 12 questions have been designed by the experts with the latest curriculum of Commerce 2026, to help you master the concept.
Test Highlights:
- - Format: Multiple Choice Questions (MCQ)
- - Duration: 24 minutes
- - Number of Questions: 12
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Read the following hypothetical extract of ABC Ltd. and answer the questions that follow: The following information are given:
Trade Receivables Turnover Ratio 4 times
Current Liabilities ₹ 5,000
Average Debtors ₹ 1,80,000
Working Capital Turnover Ratio 8 times
Cash Revenue from Operations 25% of Revenue from Operations
Gross Profit Ratio 
What will be the value of current assets?
Detailed Solution: Question 1
Read the following hypothetical extract of ABC Ltd. and answer the questions that follow: The following information are given:
Trade Receivables Turnover Ratio 4 times
Current Liabilities ₹ 5,000
Average Debtors ₹ 1,80,000
Working Capital Turnover Ratio 8 times
Cash Revenue from Operations 25% of Revenue from Operations
Gross Profit Ratio 
What is the revenue from operations?
Detailed Solution: Question 2
Read the following hypothetical extract of ABC Ltd. and answer the questions that follow: The following information are given:
Trade Receivables Turnover Ratio 4 times
Current Liabilities ₹ 5,000
Average Debtors ₹ 1,80,000
Working Capital Turnover Ratio 8 times
Cash Revenue from Operations 25% of Revenue from Operations
Gross Profit Ratio 
What is the working Capital?
Detailed Solution: Question 3
Read the following hypothetical extract of ABC Ltd. and answer the questions that follow: The following information are given:
Trade Receivables Turnover Ratio 4 times
Current Liabilities ₹ 5,000
Average Debtors ₹ 1,80,000
Working Capital Turnover Ratio 8 times
Cash Revenue from Operations 25% of Revenue from Operations
Gross Profit Ratio 
What is the Gross Profit?
Detailed Solution: Question 4
of ₹9,60,000 = ₹3,20,000Consider the following data and answer the questions that follow:
What is the working capital turnover ratio?
Detailed Solution: Question 5
Consider the following data and answer the questions that follow:
What is the Operating ratio?
Detailed Solution: Question 6
Consider the following data and answer the questions that follow:
What is the Debt to Equity Ratio?
Detailed Solution: Question 7
Consider the following data and answer the questions that follow:
What is the quick ratio?
Detailed Solution: Question 8
Read the following information and answer the given questions:
Cost of Revenue from Operations for the year 2020 would be ______________.
Detailed Solution: Question 9
Read the following information and answer the given questions:
Current Ratio for the year 2020 will be_____. (Choose the correct alternative)
Detailed Solution: Question 10
Read the following information and answer the given questions:
Inventory turnover ratio for the year 2020 will be______.(Choose the correct alternative)
Detailed Solution: Question 11
Read the following information and answer the given questions:
Quick Ratio for the year 2018 will be_____________. (Choose the correct alternative)
Detailed Solution: Question 12
