Important Questions

COMPARATIVE STATEMENT AND COMMON-SIZE STATEMENTS
Q.1) From the following information, prepare comparative statement of Profit & Loss
Particulars Note no. 2022-23 2021-22
Revenue from operations 10,00,000 8,00,000
Other Income 2,20,000 1,50,000
Cost of materials consumed 4,00,000 3,00,000
Change in inventories of finished goods and work in progress 2,00,000 1,00,000
Other Expenses(% of Revenue from Operations 15% 10%
Tax Rate 30% 30%
Q.2) from the following statement of profit and loss ltd. for the years ended 31-3-2022 and 31-3-23 prepare common
size statement
Particulars Note no. 2022-23 2021-22

Revenue from operations 25,00,000 20,00,000
Employee benefit expenses 10,00,000 7,00,000
Other expenses 2,00,000 3,00,000
Tax rate 30% 30%
RATIOS
Q.1) Working Capital is 9,00,000; Total Assets are 45,00,000; Non-Current Assets are 33,00,000. Calculate Current
Ratio.
Q.2) Current Ratio of a company is 2:1. State giving reasons, which of the following would improve, reduce or not
change the ratio:
i) Repayment of a current liability ii) Purchase of goods for cash
iii) Sale of office equipment for 20,000 (Book value 25,000) iv) Purchase of goods on Credit.
v) Sale of goods for 30,000 (Cost 25,000) vi) Payment of declared dividend.
Q.3 Current Ratio of A Ltd. is 4.5:1 and Liquid Ratio is 3:1. If its inventories are 3,00,000, find its Current Liabilities;
Current Assets and Quick Assets.
Q.4) Capital Employed 20,00,000; Fixed Assets 14,00,000; Current Liabilities 2,00,000. There are no Long term
Investments. Calculate Current Ratio.
Q.5) From the following information, calculate interest coverage ratio:
Net profit after interest and tax 1,20,000; Rate of income tax 40%; 15% debentures 1,00,000; 12% Mortgage loan
1,00,000.
Q.6) Revenue from operations 4,00,000; Gross profit 1,00,000; Closing inventory 1,20,000; Excess of Closing
inventory over opening inventory 40,000. Calculate inventory turnover ratio.
Q.7) 2,00,000 is the cost of revenue from operations (COGS) during the year. If inventory turnover ratio is 8 times,
calculate inventories at the end of the year. Inventories at the end is 1.5 times that of in the beginning.
Q.8) Capital employed 12,00,000; Net fixed assets 8,00,000; Cost of goods sold or cost of revenue from operations
40,00,000; Gross profit is 20% on cost. Calculate working capital turnover ratio.
Q.9) Calculate Gross Profit ratio from the following data:
Average inventory 3,20,000; Inventory turnover ratio 8 times; Average trade receivables 4,00,000; trade receivables
turnover ratio 6 times; cash sales 25% of net sales.
Q.10) Calculate Cost of revenue from operations from the following information’s:
Revenue from operations 12,00,000; Operating ratio 75%; Operating expenses 1,00,000
Q.11) What will be the operating profit ratio, if operating ratio is 65.33%?
Q.12) Y Ltd. Profit after interest and tax was 1,00,000. Its current assets were 4,00,000; current liabilities 2,00,000;
fixed assets 6,00,000 and 10% long term debt 4,00,000. The rate of tax was 20%. Calculate return on investment of Y
Ltd.
Q.13) Calculate debt to capital employed ratio from the following information.
Shareholder funds ₹ 15,00,000
8% Debenture ₹ 7,50,000
Current liabilities ₹ 2,50,000
Non -current Assets ₹ 17,50,000
Current Assets ₹7,50,000
CASH FLOW STATEMENT

Q.1) Following is the Balance Sheet of Dell Limited as at 31st March, 2023
Particulars Note 31st March 2023 31st March 2022

no.
I. Equity and Liabilities
1. Shareholder’s Funds
(a) Share Capital 3,00,000 1,00,000
(b) Reserves and Surplus 1 25,000 1,20,000
2. Non-current Liabilities
Long-term Borrowings 2 80,000 60,000
3. Current Liabilities
(a) Trade payables 6,000 20,000
(b) Short term provisions 3 68,000 70,000
Total 4,79,000 3,70,000
II. Assets
1. Non-current Assets
(a) Fixed Assets 4 3,36,000 1,92,000
2. Current Assets
(a) Inventories 67,000 60,000
(b) Trade receivables 51,000 65,000
(c) Cash and Cash Equivalents 25,000 49,000
(d) Other current assets 4,000
Total 4,79,000 3,70,000
Note 31st March 2023 31st March 2022
no. Particulars
1. Reserve and surplus:
Surplus (balance in statement of profit and loss) 25,000 1,20,000
2. Long term borrowings:
10% Debentures 80,000 60,000
3. Short term provisions:
Provision for tax 68,000 70,000
4. Tangible assets
Machinery 3,84,000 2,15,000
Less: Accumulated depreciation (48,000) (23,000)
Additional information:
a) Additional loan was taken on 1st July,2022
b) Tax of 53,000 was paid during the year.
c) Proposed dividend on equity for the year ended 31st March, 2022 and 2023 are 39,000 and 45,000
respectively
Prepare Cash flow statement

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COMPARATIVE STATEMENT AND COMMON-SIZE STATEMENTS

Particulars Note no. 2022-23 2021-22

i) Repayment of a current liability ii) Purchase of goods for cash

Q.5) From the following information, calculate interest coverage ratio:

Shareholder funds ₹ 15,00,000

Current liabilities ₹ 2,50,000

Non -current Assets ₹ 17,50,000

Current Assets ₹7,50,000

CASH FLOW STATEMENT

Particulars Note 31st March 2023 31st March 2022

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