ABM / Module D sum series by Krishna Sah

S1: A company has net worth of Rs 5 lac , term liabilities are Rs 10 lac. Fixed Assets worth Rs 16 lac and current assets are Rs 25 lac. There is no intangible assets or the non current assets. Calculate it's net working capital.1) 1 lac2) 2 lac3) 3 lac4) 4 lacAns : 1)

S2: In balance sheet amount of total assets is Rs 10 lac , current liabilities Rs 5 lac and capital and reserves Rs 2 lac. What is the debt-equity ratio ?1) 1:12)1.5:13)1.75:14) 2:1Ans : 2)

S3: Capital is Rs 180, Reserves Rs 20, term loan Rs 300, Bank cash credit Rs 200, trade creditors Rs 50, provisions Rs 50/-,net fixed assets Rs 400,inventories Rs 150, cash Rs 50, Receivables Rs 150, goodwill Rs 50. What is current ratio ?1) 12) 1:1.173)1.17:14) 2Ans: 3)

S4:The balance sheet of a firm has shown total asset of Rs 20 lacs . The long term uses are Rs 11 lacs and current ratio 1.5:1. What is the amount of current liabilities ?1) Rs 11 lacs2) Rs 9 lacs3) Rs 7 lacs4) Rs 6 lacsAns : 4)

S5:Liabilitiess→ Capital =180Reserve =20Term loan = 300Bank C/C=200Trade creditors=50Provision=50Total liabilities = 800

Assets→Net fixed Assets =400Inventories=150Cash =50Receivables= 150

Good will=50Total assets =800

1) Net worth= ?2) Tangible net worth = ?3) Net working capital = ?4) Quick ratio = ?5) Current ratio =?6) Outside liability =?

Ans : 200 , 150 , 50 , 0.66:1 , 1.17:1 , 600

S6: The amount of instalment of a term loan is fixed at Rs 10000/- per month and the monthly average interest on the account is Rs 5000/-. If the amount of depreciation is Rs 30000/- p.a. and profit after tax Rs 270000/-. What is DSCR ?1)1.52)1.753)24)2.5Ans : 3)

S7: The balance sheet of a firm has shown total asset of Rs 20 lacs . The long term uses are Rs 11 lacs and current ratio 1.5:1. What is the amount of current liabilities ?1) Rs 11 lacs2) Rs 9 lacs3) Rs 7 lacs4) Rs 6 lacsAns : 4)

S8: Sanctioned limit = Rs 3 lacs , Stocks = Rs 6 lacs, creditors = Rs 2 lacs , Mortgage of property = 50 lacs , margin = 30%. Calculate the DP.1) 3 lacs2) 5 lacs3) 2 lacs4) 4 lacsAns : 1)

S9:Suppose CR is 4:1. NWC is Rs 30000/- what is the amount of CA ?1) Rs 20000/-2) Rs 10000/-3) Rs 40000/-4) Rs 60000/-Ans : 3)

S10: Total liabilities of a firm is Rs 100 lac and current Ratio is 1.5:1. If fixed assets and other non current assets are to the tune of Rs 70 lac and Debt equity ratio being 3:1. What would be the long term liabilities ?1) Rs 60 lac2) Rs 50 lac3) Rs 40 lac

4) Rs 100 lacAns : 1)

S11: Cash = Rs 50000/- Debtors = Rs 100000/- Inventories = Rs 150000/- Current liabilities = 100000/- Total current assets = 300000/- Quick Ratio = ?Ans : 1.5:1

S12: LIABILITIESEquity capital→ 200Perference capital → 100Term loan → 600Bank CC( Hyp) →400Sundry creditors → 100

ASSETSNet fixed assets → 800Inventory → 300Receivables → 150Investment in Gov Sec → 50Preliminary Expenses → 100

Total outside liabilities/ Total tangible net worth DER = ?Tangible net worth = ?Current ratio= ?Ans : 5.5, 2:1 , 200 , 1:1

S13: The current ratio of M/S Krishna & Co. was 2:1 and current assets of Rs 20 lac. Stocks worth Rs 5 lac are damaged and there is no insurance. What is the new current ratio, if the total assets are Rs 40 lac ?1) 1.752) 1.53) 1.334) 1.25Ans : 2)

S14: A firm revalues its land and building from Rs 40 lac to Rs 100 lac. If the current asset before this revaluation was 1.33:1 with current liabilities of Rs 100 lac. What will be new current ratio ?1) 1.172) 1.253) 1.334) 1.50Ans : 3)

S15: The DER is 3:1 , the amount of total assets Rs 20 lac , current ratio is 1.5:1 and owned funds Rs 3 lac. What is the amount of current asset ?

1) 3 lac2) 5 lac3) 12 lac4) 15 lacAns : 3)

S16: A firm has the following financial figures from its balance sheet :Capital→ Rs 12 lacReserve → Rs 4 lacUnsecured loan→ Rs 5 lacCurrent assets → Rs 16 lacPre operative expenses→ Rs 2 lacIts net worth = ?Ans: 14 lac

¤ ¤ I request you to get the depth of assets & liabilities by reading the module D ♡carefully. You'll be able to solve the sums thereafter. Even if you feel problem, feel free to ask me.My fb ID: krishna.sah@facebook.com