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Worksheet of Accounting Ratio

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Worksheet of Accounting Ratio (BY MITESH UPALE) Accounting Ratio It is arithmetical relationship between two accounting variables 1. XYZ Company's total current assets are Rs.10,000,000 and its total current liabilities are Rs.8,000,000 Computation of ratio 2. From the following balance sheet of M/s.RamLtd. calculate current ratio as on 31.03.2010 Liabilities Amount Assets Amount Capital 21000 Fixed Asset 17000 Reserve 1500 Stock 6200 Profit and Loss Account 2500 Debtors 3200 Bank overdraft 2000 Cash 6600 Sundry Creditors 6000 33000 33000 3. Calculate Interest Coverage Ratio Net Profit (after taxes) = Rs 1,00,000 Fixed interest charges on long = Rs 20,000 Term borrowing Rate of tax 50% 4. From the following calculate interest coverage ratio : 10,000 equity shares of Rs 10 each Rs 1,00,000, 8% Preference Shares Rs 70,000 , 10% Debentures Rs 50,000 Long term Loans from Banks Rs 50,000 Interest on long term loans from bank Rs 5000 Profit before tax Rs 75,000 Tax Rs 9,000 5. Calculate Current Ratio and quick ratio from the following information: Inventories 50,000, Trade receivables 50,000 ,Advance tax 4,000, Cash and cash equivalents 30,000 ,Trade payables 1,00,000 ,Short-term borrowings (bank overdraft) 4,000 6. Calculate Liquidity Ratio from the following information: Current liabilities = Rs.50,000, Current assets = Rs 80,000, Inventories = Rs.20,000 , Advance tax = Rs.5,000 , Prepaid expenses = Rs 5,000 7. 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 inventories is Rs. 24,000, calculate current assets and current liabilities. 8. Calculate the current ratio from the following information: Total assets = Rs. 3,00,000 Non-current liabilities = Rs. 80,000 Shareholders Funds = Rs. 2,00,000 Non-Current Assets: Fixed assets = Rs. 1,60,000 Non-current Investments = Rs. 1,00,000 9. From the following information, calculate Debt Equity Ratio, Total Assets to Debt Ratio, Proprietory Ratio, and Debt to Capital Employed Ratio: Balance Sheet as at March 31, 2015 Particular Share capital 400000 Reserves 100000 Long term Borrowing 150000 Current liabilities 50000 Total 700000 Fixed asset 400000 Investment(long term) 100000 Current investment 200000 Totsl 700000 10. From the following details, calculate interest coverage ratio: Net Profit after tax Rs. 60,000; 15% Long-term debt 10,00,000; and Tax rate 40%. 11. Calculate Inventory ratio Inventory in the beginning = 18,000 Inventory at the end = 22,000 Net purchases = 46,000 Wages = 14,000 Revenue from operations = 80,000 Carriage inwards = 4,000 12. From the following information, calculate inventory turnover ratio: Rs. Revenue from operations = 4,00,000 Average Inventory = 55,000 Gross Profit Ratio = 10% 13. A trader carries an average inventory of Rs. 40,000. His inventory turnover ratio is 8 times. If he sells goods at a profit of 20% on Revenue from operations, find out the gross profit 14. Calculate the Trade receivables turnover ratio from the following information: Total Revenue from operations 4,00,000 Cash Revenue from operations 20% of Total Revenue from operations .Trade receivables as at 1.4.2014 40,000 ,Trade receivables as at 31.3.2015 1,20,000

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