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JAIIB-AFB-CASE STUDIES/NUMERICAL QUESTIONS


Amount of sales is Rs. 100 lac and profit before tax 6% and amount of tax paid Rs. 2 lac. Rest of the amount is given as dividend on capital of Rs. 10 lac. What is rate of dividend?

a. 10%
b. 20%
c. 25%
d. 40%

Ans - d
.............................................

Current Ratio is 1.2:1 and amount of current liabilities Rs. 10 lac. Total of Balance Sheet being Rs. 22 lac, what is amount of fixed assets?

a. Rs. 5 lac
b. Rs. 10 lac
c. Rs. 15 lac
d. None of the above

Ans - b
.............................................

Current assets are Rs. 10 lac, current liabilities Rs. 6 lac, balance sheet total Rs. 16 lac and debt equity ratio 2:1. What is the fixed assets/owned funds ratio?

a. 1:1
b. 1.5:1
c. 1.8:1
d. None of the above

Ans - c
.............................................

Total liabilities of a Balance Sheet of a firm are Rs. 80 lac and Current Ratio 1.5:1. If its fixed assets and assets other than current assets are Rs.50 lacs and debt equity ratio 3:1 what is the amount of long term liabilities?

a. Rs. 20 lac
b. Rs. 45 lac
c. Rs. 15 lac
d. Rs. 10 lac

Ans - b
.............................................

Current Assets of a firm as per its Balance Sheet are Rs. 60 lac and debt equity ratio 2:1. If net working capital is Rs. 20 lac and total liabilities of Rs.100 lac, what is the amount of net worth?

a. Rs. 20 lac
b. Rs. 18 lac
c. Rs. 15 lac
d. Rs. 25 lac

Ans - a
.............................................

Current Assets of a firm increase from Rs. 60 lac to Rs. 90 lac but there is no change in the current ratio of 1.5:1. What is the increase in the current liabilities?

a. Rs. 25 lac
b. Rs. 20 lac
c. Rs. 18 lac
d. Rs. 15 lac

Ans - b
.............................................

With 25% margin on stocks, a firm's drawing power for its cash credit account with the bank increased from Rs. 4.50 lac to Rs. 7.50 lac. What is the change in stock level?

a. Rs. 2 lac
b. Rs. 3 lac
c. Rs. 4 lac
d. Rs. 5 lac

Ans - c
.............................................

The loss shown by a unit at the end of the year is Rs 50,000/- . The Depreciation for the year is Rs 80,000/-. The unit has-

a. Cash loss of Rs 30,000/-
b. Cash loss of Rs 1,30,000/-
c. Cash profit of Rs 30,000/-
d. Cash profit of Rs 1,30,000/-

Ans - c
.............................................

The total sale made during the year is Rs 10 lacs, Opening stock of raw material is Rs 2 lacs , raw material purchased during the year is Rs 5 lacs and closing stock of raw material is Rs 1 lacs. If the manufacturing expenses is Rs 3 lacs the unit is in net profit of ......

a. Rs 2 lacs
b. Nil
c. Rs 1 lacs
d. None of the above

Ans - c
.............................................


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