JavaScript isn't enabled in your browser, so this file can't be opened. Enable and reload.
Class XII Accountancy Accounting Ratio - Test Paper Part II - 2021
* Indicates required question
Email
*
Your email
1 Match List I with List II and select the correct answer using the options given blow
*
1 point
a-3; b-1; c-2; d-4.
a-3; b-4; c-1; d-2.
a-1; b-4; c-3; d-2.
a-3; b-1; c-4; d-2.
2 To test the liquidity of a concern, which of the following ratios are useful? i. Quick Ratio ii. Net Profit Ratio iii. Debt-Equity Ratio iv. Current Ratio Select the correct answer from the following options:
*
1 point
(i) and (ii)
(i) and (iv)
(ii) and (iii)
(ii) and (iv)
3 Find the odd one out.
*
1 point
Liquid Ratio - Proportion
Inventory Turnover Ratio - Proportion
Debt-Equity Ratio - Proportion
(d) Liquid Ratio - Proportion.
4 When current ratio is 2:1 then equal increase in current assets and current liabilities would result in
*
1 point
no change in current ratio
increase in current ratio
decrease in current ratio
current ratio will be double
5 A firm has inventory turnover of 3 and cost of goods sold is Rs.2,70,000. With better inventory management, the inventory turnover is increased to 5. This would result in
*
1 point
Increase in inventory by Rs.54,000
decrease in inventory by Rs.36,000
Increase in cost of goods sold by Rs.20,000
Decrease in inventory by Rs.90,000
6 Which one of the following statements is not true?
*
1 point
Conversation of debentures into preference shares will decrease debt-equity ratio
Long-term liabilities due for payment within a year should be treated as current liabilities
Higher operating ratio indicates higher profits
Cost of sales is a better numerator than sales while calculating stock turnover.
7 Higher the ratio, the more favourable it is, doesn’t stand true for
*
1 point
Operating ratio
Liquidity Ratio
Net Profit Ratio
Stock turnover Ratio
8 If selling price is fixed 25% above the cost, the Gross Profit Ratio will be
*
1 point
13%
28%
26%
20%
9 The ideal level of liquid ratio is
*
1 point
1:1
2:2
3:3
All of the above
10 Collection of debtors
*
1 point
Decreases current ratio
Increases current ratio
Has no effect on current ratio
None of the above
11 Which of the following are limitations of ratio analysis? A) Ratio analysis may result in false results if variations in price levels are not considered. B) Ratio analysis ignores qualitative factors C) Ratio Analysis ignores quantitative factors D) Ratio Analysis is historical analysis. Chose the correct option from following
*
1 point
A, B and D
A, C and D
A, B and C
A, B , C, D
12 Determine stock turnover ratio if, Opening stock is Rs 31,000, Closing stock is Rs 29,000, Sales is Rs 3,20,000 and Gross profit ratio is 25% on sales.
*
1 point
31 times
11 times
8 times
32 times
13 Liquid ratio is also known as A) Quick ratio B) Acid test ratio C) Working capital ratio D) Stock turnover ratio Chose the correct option from following
*
1 point
A and B
A and C
C and B
C and D
14 Total Assets ₹ 7,70,000 Total Liabilities ₹ 2,60,000 Current Liabilities ₹ 40,000 Total Assets to Debt Ratio is:
*
1 point
3.5 : 1
2.56 : 1
2.8 : 1
3 : 1
15 To know the return on investment, by capital employed we mean:
*
1 point
Net Fixed Assets
Current Asset-Current Liabilities
Gross Block
Fixed Assets + Current Assets-Current Liabilities
16 If sales is 7 4,20,000 sales returns is 7 20,000 and cost of goods sold 53,60,000 gross profit ratio will be :
*
1 point
20%
25%
15%
10%
17 Equity share capital ₹ 15,00,000 Reserve and Surplus ₹ 7,50,000 Total Assets ₹ 45,00,000 Proprietary Ratio ?
*
1 point
50%
33.3%
200%
60%
18 The following groups of ratios primarily measure risk
*
1 point
Liquidity, activity and profitability
Liquidity, activity and common stock
Liquidity, activity and debt
Activity, debt and profitability
On the basis of the following graph of the five companies’(A,B,C,D,E,F) performance for the year ending on 31st March 2020 answer the following :(Y-axis represents amount in Rupee and X-axis represents companies) questions from Q 19 to Q 22 19 Which of the following companies has maximum Gross Profit Ratio during the year?
*
1 point
A
B
D
E
20 Which of the following companies has minimum Net Profit Ratio during the year?
*
1 point
A
F
D
E
21 Which two companies have earned maximum Net Profit Ratio during the year?
*
1 point
A and F
F and D
B and F
C and A
22 Which company has same Gross Profit Ratio and Net Profit Ratio during the year?
*
1 point
A
F
B
C
23 To know the return on investment, by capital employed we mean:
*
1 point
Net Fixed Assets
Current Asset-Current Liabilities
Gross Block
Fixed Assets + Current Assets-Current Liabilities
24 Which of the following is an operating’ income?
*
1 point
Sale of Merchandise
Interest Income
Dividend Income
Profit on the sale of old car
25 Current Ratio is 3.5 : 1. Working Capital is Rs. 90,000. Calculate the amount of Current Assets and Current Liabilities
*
1 point
Current Asset=Rs.1,26,000; Current Liability=Rs.26,000
Current Asset=Rs.1,16,000; Current Liability=Rs.36,000
Current Asset=Rs.1,26,000; Current Liability=Rs.36,000
Current Asset=Rs.1,36,000; Current Liability=Rs.16,000
Submit
Page 1 of 1
Clear form
This content is neither created nor endorsed by Google.
Report Abuse
-
Terms of Service
-
Privacy Policy
Forms
