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प्रश्न
The Quick Ratio of a company is 0.8 : 1. State whether the Quick Ratio will improve, decline or will not change in the following cases:
- Cash collected from Debtors ₹ 50,000.
- Creditors of ₹ 20,000 paid off.
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उत्तर १
- No Change
- Decline
उत्तर २
- The quick ratio will not change.
Reason: Cash (a quick asset) increases, but debts (also a quick asset) decrease by the same amount. The total quick assets stay unchanged, and there is no effect on current liabilities. - The quick ratio will decline.
Reason: The quick ratio will decline if cash (a quick asset) decreases while paying off current liabilities, reducing overall quick assets.
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संबंधित प्रश्न
What is meant by 'Activity Ratios'?
From the following information calculate inventory turnover ratio; Revenue from operations Rs.16,00,000; Average Inventory Rs.2,20,000; Gross Loss Ratio 5%.
From the following information obtained from the books of Kundan Ltd., calculate the inventory turnover ratio for the years 2015-16 and 2016-17 :
| 2015-16 (Rs) | 2016-17(Rs) | |
| Inventory on 31st March | 7,00,000 | 17,00,000 |
| Revenue from operations | 50,00,000 | 75,00,000 |
(Gross profit is 25% on the cost of revenue from operations)
In the year 2015-16, inventory increased by Rs 2,00,000.
The quick ratio of a company is 1.5: 1. A state with reason which of the following transactions would
i. increase:
ii. decrease or
iii. not change the ratio
a. Paid rent Rs 3,000 in advance.
b. Trade receivables included a debtor Shri Ashok who paid his entire amount due Rs 9,700.
| Inventory in the beginning | ₹ 30,000 |
| Inventory at the end | ₹ 50,000 |
| Net Purchases | ₹ 5,00,000 |
| Wages | ₹ 25,000 |
| Salaries | ₹ 40,000 |
| Revenue from operations | ₹ 8,00,000 |
| Carriage Inwards | ₹ 5,000 |
| Returns Outwards | ₹ 30,000 |
Calculate Inventory Turnover Ratio
Interest on Loans given by a financial company is shown in the Statement of Profit and Loss as ______.
Cost of goods sold =____.
The 'Inventory Turnover Ratio' from the following information will be:
| (₹) | |
| Revenue from Operations | 12,00,000 |
| Average Inventory | 2,00,000 |
| Gross loss ratio | 20% |
If revenue from operations is ₹ 9,00,000; gross profit is 25% on cost and operating expenses are ₹ 90,000 the operating ratio will be:
The spreadsheet below shows the sales of Jupiter Ltd. made by four salesmen in the four quarters of the financial year 2022-23:
| A | B | C | D | E | F | G | |
| 1 | Sales in ₹ | ||||||
| 2 | Salesman No. | Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | Total Sales | Commission @ 10% of sales (₹) |
| 3 | S1 | 6,000 | 7,000 | ?? | 9,000 | ||
| 4 | S2 | 8,000 | 9,000 | 8,200 | 8,500 | 33,700 | |
| 5 | S3 | 9,600 | 8,400 | 9,200 | 9,500 | 36,700 | ?? |
| 6 | S4 | ?? | 7,600 | 8,000 | 12,000 | ||
| 7 | Total | ||||||
Based on the above transactions and the information given in the spreadsheet, answer the following question:
- Write the formula to calculate the cost of the goods sold by Salesman No. S2 in Qtr 2, if he had sold the goods at a profit of 10% of the sales.
- Write the formula to calculate the sales made by Salesman No. S2 in Qtr 3 in cell D3, if he had sold the goods at a profit of 10% of the cost.
- In Qtr 1, Salesman No. S4 sold goods costing ₹ 8,800 at a loss of 10% of the sales. What is the selling price of the goods in cell B6.
- The company gives a commission of 10% on its total sales. Write the formula to calculate the commission earned by Salesman No. S3 in cell G5.
