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Following is the Balance sheet of M/S. Sure Success Ltd.

as on 30th June 2017

LIABILITIES AMOUNT ASSETS AMOUNT


Equity Share Capital 5,00,000 Goodwill 1,00,000
12% Preference Shares 5,00,000 Land 10,000
Reserves 2,00,000 Building 1,00,000
Profit and Loss account 50,000 Plant and Machinery 4,50,000
12% Debentures 2,50,000 Furniture 80,000
Trade Creditors 4,00,000 Stock 7,50,000
Bills Payable 30,000 Debtors 6,00,000
Provision for Taxation 2,00,000 Bills receivable 40,000
Proposed Dividend 1,00,000 Prepaid Expenses 10,000
Outstanding Expenses 20,000 Cash and Bank 1,00,000
Preliminary Expenses 10,000
TOTAL 22,50,000 TOTAL 22,50,000

The net sales were RS.30,00,000 for the year whereas gross sales were Rs.30,30,000

From the above particulars, calculate the following ratios:-

1. Current Ratio
2. Liquid Ratio
3. Debt Equity Ratio

2. From the following information of ABC Ltd., you are required to calculate the following
ratio:

1. Acid test Ratio 2. Gross Profit Ratio 3.Return on Capital employed

4. Debtors turnover Ratio 5.Return on Equity Funds

Particulars Amount Statement of Profit for the year


Cash 1,60,000 Sales 40,00,000
Sundry Debtors 4,00,000 Less: Cost of Goods sold 28,00,000
Temperory Investment 3,20,000 Less:Interest 1,60,000
Stock 21,60,000 Net Profit 10,40,000
Prepaid Expenses 12,000.00 Less: Taxes @ 50% 5,20,000
current liabilities 8,00,000 Profit after taxs 5,20,000
Borrowed Funds 16,00,000 Profit distributed 2,20,000
Capital 20,00,000
Retained Earning 8,12,000
From the following financial statements, calculate the ratios and comment on the same.

1. Liquidity Ratio 2. Proprietary Ratio 3. Net Profit Ratio 4. Return on Proprietor’s Funds

5. Debt Service Ratio 6. Earnings Per Share 7. Creditors Turnover ratio

8. Debtors Turnover ratio 9. Quick Ratio

RIMZIM LTD.

TRADING, PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2017

PARTICULARS AMOUNT PARTICULARS AMOUNT

TO OPENING STOCK 500,000 BY SALE

TO PURCHASE 1,100,000 CASH 300,000

TO WAGES 300,000 CREDIT 1,700,000

TO FACTORY OVERHEADS 200,000 BY CLOSING STOCK 600,000

TO GROSS PROFIT C/D. 500,000

2,600,000 2,600,000
TO ADMINISTRATIVE EXP. 75,000 BY GROSS PROFIT B/D. 500,000

TO SELLING & DISTRIBUTION BY PROFIT ON SALE OF


EXP. 50,000 FURNITURE 30,000

TO DEBENTURE INTEREST 20,000

TO DEPRECIATION 60,000

TO LOSS ON SALE OF MOTOR


CAR 5,000

TO NET PROFIT C/D. 320,000

530,000 530,000

TO PREFERENCE DIVIDEND 15,000 BY BALANCE B/D. 271,000

TO PROVISION FOR TAX 176,000 BY NET PROFIT 320,000

TO BALANCE C/D. 400,000

591,000 591,000

RIMZIM LTD.

BALANCE SHEET AS ON 31ST MARCH 2017

LIABILITIES AMOUNT ASSETS AMOUNT


EQUITY SHARE CAPITAL 1,000,000 GOODWILL 500,000

6% PREFERENCE SHARE
CAPITAL 500,000 PLANT & MACHINERY 600,000

GENERAL RESERVE 100,000 LAND & BUILDING 700,000

PROFIT & LOSS ACCOUNT 400,000 FURNITURE & FIXTURE 100,000

PROVISION FOR TAXATION 176,000 STOCK IN TRADE 600,000

BILLS PAYABLE 124,000 BILLS RECEIVABLE 30,000

BANK OVERDRAFT 120,000 DEBTORS 150,000

CREDITORS 480,000 BANK 220,000

2,900,000 2,900,000