CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Income and Expenditure Account

Total Assets ...

Question

Total Assets ₹22,00,000; Fixed Assets ₹10,00,000; Capital Employed ₹20,00,000. There were no Long-term Investments.
Calculate Current Ratio.

Open in App

Solution

Current Assets = Total Assets − Fixed Assets

Fixed Assets = 10,00,000

Total Assets = 22,00,000

∴ Current Assets = 22,00,000 − 10,00,000 = 12,00,000

Current Liabilities = Total Assets − Capital Employed

= 22,00,000 − 20,00,000 = 2,00,000

Suggest Corrections

thumbs-up

7

Similar questions

Q. Capital Employed ₹10,00,000; Fixed Assets ₹7,00,000; Current Liablities ₹1,00,000. There are no Long-term Investments. Calculate Current Ratio.

Q. From the following informations, calculate Return on Investment (or Return on Capital Employed):


Particulars		₹
Share Capital		5,00,000
Reserves and Surplus		2,50,000
Net Fixed Assets		22,50,000
Non-current Trade Investments		2,50,000
Current Assets		11,00,000
10% Long-term Borrowings		20,00,000
Current Liabilities		8,50,000
Long-term Provision		NIL

Q. Net Profit before Interest and Tax ₹6,00,000; Net Fixed Assets ₹20,00,000; Net Working Capital ₹10,00,000; Current Assets ₹11,00,000. Calculate Return on Investment.

Q. Calculate Debt to Equity Ratio from the following information:

	₹			₹
Fixed Assets (Gross)	8,40,000		Current Assets	3,50,000
Accumulated Depreciation	1,40,000		Current Liabilities	2,80,000
Non-current Investments	14,000		10% Long-term Borrowings	4,20,000
Long-term Loans and Advances	56,000		Long-term Provisions	1,40,000

Q. Total Debt ₹12,00,000; Current Liabilities ₹4,00,000; Capital Employed ₹`12,00,000. Calculate Total Assets to Debt Ratio.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Financial Statements of NPO

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Income and Expenditure Account

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon