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Accountancy · 2025 · 4 marks
CBSE 2025 · Region 7 · Set 3 · Q33
The following information has been obtained from the books of Gama Ltd. : Particulars Amount ( ) Inventory $\displaystyle 2,50,000$ Total Current Assets $\displaystyle 3,40,000$ Shareholder's Funds $\displaystyle 10,00,000$ $\displaystyle 12$% Debentures $\displaystyle 20,00,000$ Net Profit Before Tax $\displaystyle 9,60,000$ Cost of Revenue from Operations $\displaystyle 6,00,000$ Calculate : (i) Debt Equity Ratio (ii) Interest Coverage RatioORCalculate Current Assets and Quick Assets of Beeta Ltd. from the following information : Quick Ratio = $\displaystyle 0$ $\displaystyle 75$ : $\displaystyle 1$ Current Liabilities = $\displaystyle 6,00,000$ Revenue from Operations are $\displaystyle 4,00,000$ Gross Profit ratio is $\displaystyle 20$% of revenue from operations Inventory turnover ratio = $\displaystyle 4$ times Inventory at the end is % $\displaystyle 40,000$ more than inventory at the beginning.
OR
Calculate Current Assets and Quick Assets of Beeta Ltd. from the following information : Quick Ratio = $\displaystyle 0$ $\displaystyle 75$ : $\displaystyle 1$ Current Liabilities = $\displaystyle 6,00,000$ Revenue from Operations are $\displaystyle 4,00,000$ Gross Profit ratio is $\displaystyle 20$% of revenue from operations Inventory turnover ratio = $\displaystyle 4$ times Inventory at the end is % $\displaystyle 40,000$ more than inventory at the beginning.Marking-scheme solution
(i)
Debt Equity Ratio= Debt/ Equity…………………………. ½
= $\displaystyle 20,00,000$/ $\displaystyle 10,00,000$…………………$\displaystyle 1$
= $\displaystyle 2$:$\displaystyle 1$…………………………………….½
(ii) Interest Coverage Ratio= Net Profit before Interest and Tax/ Interest on Long Term Debt.. ½
Net Profit before Interest and Tax= $\displaystyle 9,60,000$+ $\displaystyle 2,40,000$
= ₹$\displaystyle 12,00,000$…………………………………………½
Interest on Long Term Debt= $\displaystyle 12$% of $\displaystyle 20,00,000$= ₹$\displaystyle 2,40,000$………………………..½
Interest Coverage Ratio= $\displaystyle 12,00,000$/ $\displaystyle 2,40,000$= $\displaystyle 5$ times……………………….½
Q. (b) Calculate Current Assets……
Ans. Quick Ratio= Quick Assets/ Current Liabilities………………½
0.$\displaystyle 75$ = Quick Assets/ $\displaystyle 6,00,000$
Quick Assets= ₹$\displaystyle 4,50,000$…………………………………….. ½
Gross Profit= $\displaystyle 20$% of Revenue from Operations
= $\displaystyle 20$% of $\displaystyle 4,00,000$
= ₹$\displaystyle 80,000$…………………………………………½
Cost of Revenue from Operations= Revenue from Operations- Gross Profit
= $\displaystyle 4,00,000$- $\displaystyle 80,000$
= ₹$\displaystyle 3,20,000$……………………………………..½
Inventory Turnover Ratio= Cost of Revenue from Operations / Average Inventory………..½
$\displaystyle 4$= $\displaystyle 3,20,000$/ Average Inventory
Average Inventory=₹$\displaystyle 80,000$
Average Inventory= Opening Inventory + Closing Inventory
$\displaystyle 2$
$\displaystyle 80,000$= Opening Inventory + (Opening Inventory+$\displaystyle 40,000$)
$\displaystyle 2$
Opening Inventory= ₹$\displaystyle 60,000$…………………………………………½
Closing Inventory= ₹$\displaystyle 1,00,000$……………………………………………..½
Current Assets= Quick Assets+ Closing Inventory
Current Assets = $\displaystyle 4,50,000$+ $\displaystyle 1,00,000$
Current Assets =₹$\displaystyle 5,50,000$……………………………………………………½
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CBSE Class 12 Accountancy past-paper question from the 2025board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.