New RBI Grade B 2024 Batch 7 45+ 20 Days Study Plan; Download Now !!!
Register

Question

Direction(18 to 20):- Refer the following summarized Balance Sheet & P&L of AB Ltd. as on 31 ‐ 3 ‐ 2022.   Summarized Profit and Loss Account is as under for the year ending on 31 ‐ 3 ‐ 22:                                                                                         Rs . Sales (25% Cash sales)                                              80,00,000 Less: Cost of goods sold                                            56,00,000        Gross Profit                                                                24,00,000        Net profit (Before interest and tax 50%)                     9,00,000 Calculate the following ratios:

Calculate Debt ‐ Equity 

A 0.20 Correct Answer Incorrect Answer
B 0.34 Correct Answer Incorrect Answer
C 0.24 Correct Answer Incorrect Answer
D 0.40 Correct Answer Incorrect Answer
E 0.25 Correct Answer Incorrect Answer

Solution

Long Term Debt / Shareholders Fund = 5,00,000/ 20,80,000 = 0.24 LTL = Debentures + long term loans SHF = Eq. Sh. Cap. + Reserves & Surplus + Preference Sh.Cap. – Fictitious Assets LTL = 5,00,000 SHF = 10,00,000 + 7,00,000 + 4,00,000 ‐ 20,000 = 20,80,000

Practice Next
×
×