Nimble Education

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MM: 42 Cash flow Ratio Comparative Common size Time:1 hr 45 min
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Question 1 [5]
From the data below prepare Common size income statement.
Details 2016 2017
Revenue from operations 60,00,000 75,00,000
Other revenue 150,000 120,000
Expenses 44,00,000 50,60,000
Corporate tax rate 40% 35%

Question 2 [5]
From the data below prepare comparative statement. All fig in Lacs below
Particulars 2017 2016
Equity share capital 16 16
Preference share capital 2 2
Reserves and surplus 5.4 4
Current liability 7.2 4
Non current assets 30.6 28
Non current liability 14.4 14
Current assets 14.4 12

Question 3 [2]
Working capital Rs 45,000, Total debt Rs 100,000 long term debt Rs 70,000. Calculate current ratio.
Question 4 [2]
A firm had current assets of Rs 200,000. It then paid a current liability of Rs 40,000. After the payment the
current ratio was 2:1. Calculate the current liability after payment of current liability.
Question 5 [2]
Calculate debt equity ratio from the given data: Total assets Rs 810,000, Total debt Rs 260,000, Current
liabilities Rs 40,000.
Question 6 [6]
Particulars Amount Particulars Amount
Equity share capital 300,000 10% Mortgage loan 150,000
10% preference share capital 120,000 Current liabilities 280,000
Capital reserve 60,000 Non current assets 480,000
Profit & loss Balance (Dr) 120,000 Current assets 600,000
12% Debentures 50,000 Net profit after tax 63,000
Tax rate 30%
Calculate (i)Debt equity (ii)Proprietary ratio (iii)Interest coverage ratio
Question 7 [2]
Calculate inventory turnover ratio from the following
Purchases Rs 645,000, carriage inwards Rs 20,000, carriage outwards Rs 15,000, Revenue from operations
Rs 600,000, Opening inventory Rs 80,000, Gross loss 10% of revenue from operations.
Question 8 [3]
Calculate the opening and closing trade receivable from the following data: Trade receivable ratio 6 times,
Cost of revenue from operations Rs 600,000, GP ratio is 25% on revenue from operation, Cash revenue from
operation being 25% of the total revenue from operations.
Question 9 [2]
From the following details calculate Gross profit ratio : Net profit after tax Rs 37,500, Indirect expenses Rs
10,000, Interest paid on debentures Rs 10,000, Interest due on debentures Rs 5,000, Gross revenue from
operations Rs 330,000, Returns from revenue from operation Rs 10,000. Tax rate 50%.
Ravi Sir and Sanjiv Sirs Nimble Education for Commerce and humanities ICSE,ISC,CBSE,IGCSE,AS & A,IBDP
Contact 9033311500, 8866611600
 Nimble Education

Question 10 [5]
From the following data prepare cash generated from operations
Statement of profit and loss for the year ending 31 March
Particulars No Amount
I. Revenue from operations 98,000
II. Other revenue 1 18,000
III. Total revenue 116,000
IV. Expenses:
Employees benefit 10,000
Amortization and depreciation 2 28,000
Other expenses 3 23,000
Total expenses 61,000
V. Profit before tax(III-IV) 55,000
Less : Provision for tax 21,000
Profit after tax 34,000
Less : Appropriations
Proposed dividend 10,000
Balance of profit 24,000
Notes
(1)Other income: (2)Amortization and Depreciation
Profit on sale of Machine Rs 5,000 Depreciation of tangible assets Rs 20,000
Dividend received Rs 3,000 Amortization Rs 8,000
Commission accrued Rs 4,000 Rs 28,000
Income tax refund Rs 6,000 (3)Other expenses
Rs 18,000 Rent paid Rs 18,000
Loss on sale of building Rs 5,000
Rs 23,000
Question 11 [4]
Particulars 2017 2016
Equity share capital 800,000 600,000
12% Preference share capital --- 200,000
14% Debentures 100,000 ---
Securities Premium reserve 120,000 90,000
From the above data prepare cashflow from financing activities

Question 12 [4]
Particulars 2016 2017
Equipment 78,70,000 65,00,000
Provision for depreciation on equipment 16,32,000 10,80,000
10% Investments 800,000 15,00,000
Accrued interest on investments --- 17,000
Additional information:
An equipment costing Rs 12,30,000, with book value Rs 512,000 was sold for Rs 468,000
From the above data prepare cashflow from Investing activities

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Ravi Sir and Sanjiv Sirs Nimble Education for Commerce and humanities ICSE,ISC,CBSE,IGCSE,AS & A,IBDP
Contact 9033311500, 8866611600