Question

(a) The net income reported on the income statement for the year was Rs.1,10,000 and

depreciation of fixed assets for the year was Rs.44,000. The balances of the current

asset and current liability accounts at the beginning and end of the year are as follows:

End of the Year (Rs.) Beginning of the Year

( Rs.)

Cash

Debtors

Inventories

Prepaid Expenses

Accounts Payable

1,30,000

2,00,000

2,90,000

15,000

1,02,000

1,40,000

1,80,000

3,00,000

16,000

1,16,000

Calculate total cash from operation activities.

(b) From the following particulars, you are required to calculate :

(i) Current Ratio (ii) Net Profit Ratio (iii) Gross Profit Ratio

Net Sales : Rs.1,40,000; Gross Profit :Rs.10,000; Net Profit :Rs.6,000; B/R : Rs.2000 ;

Debtors:Rs.8,000; Stock: Rs.10,000; Cash: Rs.6000; Creditors:Rs.12,000; B/P:Rs.8,800​

Answer 1

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