1. In the Balance sheet of a firm, the debt equity ratio is 2:1.The amount of long term Sources is Rs.1200000. What is the amount of tangible net worth of the firm?

a. Rs.1200000

b. Rs.800000

c. Rs.400000

d. Rs.200000

2. Debt Equity Ratio is 3:1, the amount of total assets Rs.2000000, current ratio is 1.5:1 and owned funds Rs.300000.What is the amount of current asset?

a. Rs.500000

b. Rs.300000

c. Rs.1200000

d. None of the above

3. Current ratio is 4:1. Net working capital is Rs.30000.Find the amount of current assets.

a. Rs.10000

b. Rs.40000

c. Rs.24000

d. Rs.6000

4. Current ratio is 2:5. Current liability is Rs.30000. The networking capital is

a. Rs.18000

b. Rs.45000

c. Rs.(-)45000

d. Rs.(-)18000

5. A firm has Capital of Rs.1000000; Sales of Rs.500000; gross profit of

Rs. 200000 and Expenses of Rs.100000. What is the Net Profit Ratio?

a. 20%

b. 40%

c. 50%

d. 10%

6. Opening stock Rs.29000; closing stock Rs.31000; purchases Rs.242000, calculate stock turnover ratio.

### The Essay on Current And Noncurrent Assets

... . There are two main types of assets: current assets and non-current assets. Current Asset Current assets are assets that a company expects to convert to ... period than a year. Examples of non-current assets are preferred stock, common stock, and liabilities. Order of Liquidity Order of ... list, amount company expects to collect from customers within the next months. 4. Inventory – short tem asset, these ...

a. 9.03 times

b. 8.03 times

c. 6.03 times

d. 4.03 times

7. Gross profit Rs.100000; net sales Rs.50000 compute gross profit ratio.

a. 10%

b. 5%

c. 2%

d. 8%

8. Calculate debtors turnover ratio when credit sales is Rs.1000000 and average receivables is Rs.100000.

a. 10 times

b. 20 times

c. 5 times

d. 8 times

9. Current assets Rs.252000 liquid assets Rs.135000 find out stock.

a. Rs.117000

b. Rs.17000

c. Rs.118000

d. Rs.111000

10. Ascertain return on shareholders fund when equity share capital is Rs.1200000; preference share capital Rs.300000; reserves Rs.500000; profit after tax Rs.1000000.

a. 80%

b. 50%

c. 60%

d. 55%