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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
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In a Balance Sheet the amount of fixed assets is Rs. 1 lac, that of non-current assets Rs. 1 lac and total liabilities Rs. 4 lac. Which of the following statements is correct?
a. Net worth is Rs. 2 lac
b. Net worth is Rs. 1 lac
c. Current assets are Rs. 2 lac
d. None of the above
Ans - c
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A joint stock company's total assets are Rs.45 crore which include intangible assets worth Rs.2 cr. Its liabilities other than share capital and reserves are Rs. 40 cr. What is the tangible net worth?
a. 3 cr
b. 7 cr
c. 5 cr
d. 2 cr
Ans - a
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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
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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
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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
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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
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A company reported sales of Rs.100 lac and net profit after tax, of Rs. 4 lac. If stock turnover ratio is 10 and other current assets of Rs. 5 lac, what is the amount of total current assets?
a. Rs. 20 lac
b. Rs. 18 lac
c. Rs. 15 lac
d. Rs. 13 lac
Ans - c
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A company invested Rs. 5 lac from its liquid assets of the business in an associate firm, due to which its current ratio came down from 2:1 to 1.5:1. What is the amount of current assets after this investment?
a. Rs. 15 lac
b. Rs. 12 lac
c. Rs. 10 lac
d. Rs. 5 lac
Ans - a
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