Using appropriate Accounting Ratios, comment on (i) Liquidity,(ii) Current period solvency and (iii) Long-period financial risk of a company.
Year of Exam- 2011
Question Paper -1
Question number-7-a
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QUESTION
Its Balance Sheet as on 31st March,2011 is as follows –
| Liabilities | Amount (₹) | Assets | Amount (₹) |
| Share Capital | 75,00,000 | Land & Buildings | 85,00,000 |
| General Reserve | 15,00,000 | Plant & Machinery | 60,50,000 |
| 14% Debenture | 50,00,000 | Furniture | 5,50,000 |
| Borrowing from IFCI | 55,00,000 | Investment | 30,50,000 |
| Share Premium A/c | 15,00,000 | (Market value ₹28,00,000) | |
| Debenture Redemption Reserve | 12,50,000 | Stock-In-Trade | 20,90,000 |
| Creditors | 24,50,000 | Debtors | 20,00,000 |
| Bills Payable | 1,50,000 | Bills | 1,90,000 |
| Outstanding Liability | 1,00,000 | Cash Balance | 25,00,000 |
| Tax Payable | 11,80,000 | Profit & Loss (Dr.) | 16,00,000 |
| 2,65,30,000 | 2,65,30,000 |
Notes :
- Stock worth ₹50,000 is not saleable.
- Debtors to the tune of ₹1,50,000 are likely to become bad.Â
- Debts not acknowledged as debts ₹2,50,000.
- A liability of ₹50,000 left to be recorded.
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