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Advanced Accounting and Tally

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Questions and Answers

Which of the following is not included in the liquidity ratios?

Quick Ratio

Debt-Equity Ratio (correct)

Current Ratio

Liquid Ratio

Which of the following statements is not correct in limitations of Ratio Analysis?

There is practically no standard ratio against which the actual performance can be compared.

One ratio used without reference to other ratios may be misleading.

While comparing ratios of past several years, it should be remembered that changes in price level may make such comparison useful. (correct)

The utility of ratios computed from the financial statements of one year only is obviously limited.

Sales of A Ltd. during the year is Rs. 8,50,000, Gross Profit is Rs. 40,000, Closing stock is Rs. 2,10,000, and Opening stock is Rs. 1,30,000. Calculate stock turnover.

6.3 times

4 times

4.76 times

5.23 times (correct)

Find out the Proprietary Ratio from the given balances: Equity share capital: Rs. 40,00,000, General Reserve: Rs. 7,00,000, Fixed Assets: Rs. 85,00,000, Current Assets: Rs. 15,00,000, Fictitious Assets: Rs. 7,00,000.

<p>42%</p> Signup and view all the answers

Operating ratio of a company is 80%. Its sale is Rs. 20,00,000, Sales return is Rs. 2,00,000, and Operating expenses are Rs. 1,00,000. Find out the cost of goods sold.

<p>Rs. 13,40,000</p> Signup and view all the answers

Advanced Accounting and Tally

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Questions and Answers

Which of the following is not included in the liquidity ratios?

Which of the following statements is not correct in limitations of Ratio Analysis?

Sales of A Ltd. during the year is Rs. 8,50,000, Gross Profit is Rs. 40,000, Closing stock is Rs. 2,10,000, and Opening stock is Rs. 1,30,000. Calculate stock turnover.

Find out the Proprietary Ratio from the given balances: Equity share capital: Rs. 40,00,000, General Reserve: Rs. 7,00,000, Fixed Assets: Rs. 85,00,000, Current Assets: Rs. 15,00,000, Fictitious Assets: Rs. 7,00,000.

Operating ratio of a company is 80%. Its sale is Rs. 20,00,000, Sales return is Rs. 2,00,000, and Operating expenses are Rs. 1,00,000. Find out the cost of goods sold.

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