[DK Goel] Q. 129,130,131,132 Accounting Ratios Solutions Class 12 CBSE (2026-27)
the solutions of Question number 129, 130, 131, 132 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2026-27)
Q. 129. Calculate Current Ratio and Quick Ratio from the following Balance Sheet:-
| Particulars | Note No. | ₹ |
| I. EQUITY AND LIABILITIES: | ||
| (1) Shareholder’s Funds: (a) Share Capital (b) Reserve & Surplus | 7,00,000 4,32,000 | |
| (2) Non-Current Liabilities Long-term Borrowings | 2,00,000 | |
| (3) Current Liabilities: (a) Trade Payables (b) Other Current Liabilities (c) Short-term Provision | 4,10,000 20,000 50,000 | |
| Total | 18,12,000 | |
| II. ASSETS: | ||
| (1) Non-Current Assets: Property, Plant and Equipment and Intangible Assets: (i) Property, Plant and Equipment (ii) Intangible Assets | 5,90,000 50,000 | |
| (2) Current Assets: (a) Inventory (b) Trade Receivables (c) Cash & Cash Equivalents (d) Other Current Assets | 4,40,000 6,30,000 90,000 12,000 | |
| Total | 18,12,000 |
Notes:-
| ₹ | ||
| (1) | Other Current Liabilities: Outstanding Expenses | 20,000 |
| (2) | Short-term Provision: Income Tax Provision | 50,000 |
| (3) | Inventory includes loose tools for ₹ 20,000. | |
| (4) | Other Current Assets: prepaid Expenses | 12,000 |
[Ans. Current Ratio 2.4 :1; Quick Ratio 1.5 : 1.]
Solution:-
Q. 130. Following is the Balance Sheet of Vikas Ltd. as at 31st March, 2023:-
| Particulars | Note No. | ₹ |
| I. EQUITY AND LIABILITIES: | ||
| (1) Shareholder’s Funds: (a) Share Capital (b) Reserve & Surplus | 5,00,000 9,50,000 | |
| (2) Non-Current Liabilities Long-term Borrowings | 2,00,000 | |
| (3) Current Liabilities: (a) Short-term Borrowings (b) Trade Payables (c) Other Current Liabilities (d) Short-term Provision | 60,000 3,20,000 1,50,000 70,000 | |
| Total | 22,50,000 | |
| II. ASSETS: | ||
| (1) Non-Current Assets: Property, Plant and Equipment and Intangible Assets: (i) Property, Plant and Equipment and Intangible Assets | 4,50,000 | |
| (2) Current Assets: (a) Inventory (b) Trade Receivables (c) Cash & Cash Equivalents (d) Other Current Assets | 7,60,000 8,10,000 2,10,000 20,000 | |
| Total | 22,50,000 |
| ₹ | ||
| (1) | Short term Borrowings: Bank Overdraft | 60,000 |
| (2) | Other Current Liabilities: 11% Debentures (Due for Redemption on 31.3.2024) | 1,50,000 |
| (3) | Short-term Provisions: Provision for Taxation | 70,000 |
| (4) | Trade Receivables Less: Provision | 8,50,000 40,000 |
| 8,10,000 | ||
| (5) | Other Current Assets Expenses Paid in Advance | 20,000 |
Throw light on the short-term financial position of the Company with the help of suitable ratios.
Solution:-
[Ans]
Short-term financial position of the Company is sound because its Current Ratio is 3 : 1 which is more than the ideal ratio of 2 : 1. Similarly, quick ratio is 1.7 : 1 which is more than the ideal ratio of 1 : 1.]
Q. 131. Comment upon the short-term financial position of the Company on the basis of the following:-
Goodwill ₹ 1,00,000; Sundry Debtors ₹ 2,50,000; Machinery ₹ 4,00,000; Inventory ₹ 5,00,000; Bills Payable ₹ 30,000; Sundry Creditors ₹ 4,20,000; Prepaid Expenses ₹ 25,000; Cash ₹ 40,000; Marketable Securities ₹ 80,000; Bills Receivables ₹ 30,000; Debentures ₹ 1,00,000; Expenses Payable ₹ 10,000; Live Stock ₹ 50,000; Patents ₹ 20,000; Provision for Taxation ₹ 40,000.
Solution:-
[Ans]
Short-term financial position of the Company is unsatisfactory because its Current ratio is 1.85 : 1 which is less than the ideal ratio of 2 : 1 and quick ratio is 8 : 1 which is less than the ideal ratio of 1 : 1.]
Q. 132. Current Liabilities of a Company were ₹ 80,000 and its Current Ratio was 2.5 : 1. After this, it purchased goods for ₹ 40,000 on credit. Calculate the revised Current Ratio.
[Ans. 2 : 1.]
Solution:-
