From the following information, calculate any two of the followi

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Accountancy

Class

CBSE Class 12

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21.

From the following information, calculate any two of the following ratios:
(a) Debt-Equity Ratio
(b) Working Capital Turnover Ration and
(c) Return on Investment
Information: Equity Share capital Rs 50,000, General Reserve Rs 5,000; Profit and Loss
Account after tax and interest Rs 15,000; 9% Debenture Rs 20,000; Creditors Rs 15,000; Land and Building Rs 65,000; Equipment Rs 15,000; Debtors Rs 14,500 and Cash Rs 5,500. Discount on issue of shares Rs 5,000
Sales for the year ended 31-3-2011 was Rs 1,50,000. Tax rate 50%.


i) Debt equity Ratio:
= long term debt/shareholders fund
long term debt =debentures  =20000

Shareholders fund = equity share capital + General reserve +P & L a/c- discount on issue of share
                             = 50,000+5000+15,000 - 5000=65,000
Debt equity ratio= 20000/65000=0.31:1

 

ii) Working Capital Turnover Ratio:
=(sales/ working capital)=150000/(current assets – current liabilities)
                                                 =150000/(14500+5500-15000)
                                                 =150000/5000=30times

 

iii) Return on investment:
=Profit before interest and tax/ capital employed
Profit after interest and tax= 15000
Profit before tax= 15000*100/50=30000
Profit before interest and tax=30000+(9% of 20000)=30000+1800=31800
Capital employed=debt+equity=20000+65000=85000
Return on investment =31800/85000*100=37.41%

 

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22.

From the following Balance Sheets of Sonam Ltd as on 31-3-2012 and 31-3-2011.
Prepare a Cash Flow Statements:

Liabilities

31-3-2011

Rs

31-3-2011

Rs

Assets

31-3-2011

Rs

31-3-2011

Rs

Equity Shares Capital

Profit and Loss Account

Bank Loan

Proposed Dividend

Provision for tax

Creditors

1,00,000

 

25,000

 

50,000

20,000

 

10,000

15,000

 

1,50,000

 

50,000

 

25,000

15,000

 

17,500

11,250

Patents

Building

Investment

Debtors

Stock

Cash

 

 

 

 

12,500

1,50,000

-

50,000

2,500

5,000

11,250

1,50,000

18,750
63,750

3,750

21,250

 

 

2,20,000

2,68,750

 

2,20,000

2,68,750

 

 

 

 

 

Additional Information:
During the year a Building having book value Rs 50,000 was sold at a loss of Rs 2,000 and depreciation charged on Building was Rs 4,000.

 

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