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Accountancy · 2024 · 3 marks
CBSE 2024 · Region 1 · Set 2 · Q32
From the given information, calculate : (a) Current Ratio (b) Return on Capital Employed Amount Particulars ( < ) Liquid Assets $\displaystyle 8,00,000$ Inventory $\displaystyle 2,00,000$ Current Liabilities $\displaystyle 4,00,000$ Net Profit Before Tax $\displaystyle 12,80,000$ $\displaystyle 10$% Debentures $\displaystyle 12,00,000$ Shareholders Funds $\displaystyle 16,00,000$
Marking-scheme solution
(a)
Current Ratio = Current Assets ½
Current Liabilities
Current Assets = Liquid Assets + Inventory
= $\displaystyle 8,00,000$ + $\displaystyle 2,00,000$
= ₹$\displaystyle 10,00,000$ ½
Current Ratio = $\displaystyle 10,00,000$ = $\displaystyle 2.5$:$\displaystyle 1$ ½
$\displaystyle 4,00,000$
(b)
Return on Capital Employed = Net Profit before Interest and Tax x $\displaystyle 100$ ½
Capital Employed
Net Profit before Interest and Tax = Net Profit before Tax+ Interest
= $\displaystyle 12,80,000$ + $\displaystyle 1,20,000$
= ₹ $\displaystyle 14,00,000$
Capital Employed = Shareholders’ Funds + Debentures
= $\displaystyle 16,00,000$ + $\displaystyle 12,00,000$
= ₹$\displaystyle 28,00,000$ ½
Return on Capital Employed = $\displaystyle 14,00,000$ x $\displaystyle 100$
$\displaystyle 28,00,000$
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CBSE Class 12 Accountancy past-paper question from the 2024board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.