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CAIIB - ABM- CASE STUDIES / NUMERICAL QUESTIONS

A firm has Capital of Rs. 200, Reserve Rs. 230 Term Loan of Rs. 180, Advance from customers Rs. 40, sundry creditor Rs. 100, Bank CC limit balance Rs. 400, Fixed Assets Rs. 300, Preliminary expenses Rs. 80, Debit balance of profit and loss account balance Rs. 30, advance tax paid Rs. 20, cash on hand Rs. 20, Stock Rs. 400 and sundry creditor Rs. 300. on the basis of the above information:

01. Tangible Net worth of the firm

a. Rs. 430
b. Rs. 200
c. Rs. 350
d. Rs. 320

Ans - d

Solution
Tangible Networth= Networth-inttengible assets
Capital+reserve-(preliminary expeses+p&L debit balance)
= 200+230-(80+30)
= 430-110
= 320
.........................

02. in the above problem, the current ratio would be ......

a. 1.25:1
b. 1.28:1
c. 1.33:1
d. 1.37:1

Ans - d

Solution
Current Ratio=Current Assets / Current Liabilities
CA=(20+20+400+300)=740
CL=(40+100+400)=540
= 740/540
= 1.37:1
.........................

03. in the above problem, the total outside liabilities to tangible netwoth ......

a. 1:1
b. 1.8:1
c. 2.1:1
d. 2.25:1

Ans - d

Solution

Total outsiders liabilities/Tangible networth
=720/320
=2.25:1
.........................

04. if the sales are Rs. 2000, stock turnover Ratio is ......

a. 5 times
b. 6 times
c. 3 times
d. 2 times

Ans - a

Solution

Stock turn over ratio= Sales/stock
=2000/400
=5 times
.........................

05. if the sales are Rs. 3000, the debt collection period and debit turnover ratio would be ......

a. 1 month and 12 times
b. 1.2 month and 10 times
c. 1.5 month and 8 times
d. 2 month and 6 times

Ans - b

Solution
Debt Collection period = No. days or months or Weeks in a year/Debt Turnover Ratio.
12 month in year
=12/10
= 1.2

Debtors Turnover Ratio = Net Credit Sales / Average Debtors.
=3000/300
=10 times
1.2 month and 10 times

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