✓ Board-verified
Accountancy · 2024 · 3 marks
CBSE 2024 · Region 1 · Set 3 · Q32
From the given information, calculate : (a) Trade Receivables Turnover Ratio (b) Current Ratio Amount Particulars ( < ) Credit Revenue from Operations $\displaystyle 80,00,000$ Debtors $\displaystyle 25,00,000$ Bills Receivables $\displaystyle 15,00,000$ Total Assets $\displaystyle 50,00,000$ $\displaystyle 10$% Debentures $\displaystyle 12,00,000$ Creditors $\displaystyle 13,00,000$ Bills Payable $\displaystyle 7,00,000$
Marking-scheme solution
(a)
Trade Receivables Turnover Ratio = Credit Revenue from Operations ½
Average Trade Receivables
Average Trade Receivables = Debtors + Bills Receivables
= $\displaystyle 25,00,000$ + $\displaystyle 15,00,000$
= ₹$\displaystyle 40,00,000$ ½
Trade Receivables Turnover Ratio = $\displaystyle 80,00,000$ = $\displaystyle 2$ times ½
$\displaystyle 40,00,000$
(b)
Current Ratio= Current Assets ½
Current Liabilities
Current Assets = Debtors + Bills Receivables
= $\displaystyle 25,00,000$ + $\displaystyle 15,00,000$
= ₹$\displaystyle 40,00,000$ ½
Current liabilities = Creditors + Bills Payables
= $\displaystyle 13,00,000$ + $\displaystyle 7,00,000$
= $\displaystyle 20,00,000$
Current Ratio = $\displaystyle 40,00,000$ = $\displaystyle 2$:$\displaystyle 1$ ½
$\displaystyle 20,00,000$
More from Accounting Ratios
- The current ratio of Jack Ltd. is 3·2: 1 and the quick ratio is 1·5: 1. The excess of current assets over…2025
- The current assets of X Ltd. are ₹ 2,00,000 and its current liabilities are ₹ 1,50,000. If, its working…2023
- Prepare a 'Common S ize Balance Sheet' from the following B alance Sheet of Shree Ltd. as at 31st March,…2022
- Identify whi2024
- Identify and state the significance of any two ratios that are calculated to measure the efficiency of…2023
- From the following information, calculate 'Interest Coverage Ratio': Shareholders' funds 30,00,000 8%…2026
- The quick ratio of Theta Ltd. is 0.8:1. Which of the following transactions will result in decrease in this…2026
- Which of the following is not a Solvency Ratio?2023
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.