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Worksheet for Class 12 Accountancy Part 2 Chapter 5 Accounting Ratios
Class 12 Accountancy students should refer to the following printable worksheet in Pdf for Part 2 Chapter 5 Accounting Ratios in Grade 12. This test paper with questions and solutions for Standard 12 Accountancy will be very useful for tests and exams and help you to score better marks
Part 2 Chapter 5 Accounting Ratios Class 12 Accountancy Worksheet Pdf
Question. Management are interested in
(a) Activity Ratios
(b) Activity Ratios and Profitability Ratios
(c) Profitability Ratios
(d) None of the options
Answer: B
Question. The excess of Current ratio is also treated as a sign of managerial
(a) Inefficiency
(b) Efficiency
(c) Inefficiency and Efficiency
(d) None of the options
Answer: A
Question. Which ratio is considered as safe margin of solvency?
(a) Liquid ratio
(b) Current ratio
(c) None of the options
(d) Current ratio
Answer: D
Question. Inventory ratio is a relationship between
(a) Cost of good sold and cost of average inventory
(b) Cost of good Purchased and cost of average inventory
(c) Cost of good sold and cost of average inventory and Cost of good Purchased and cost of average inventory
(d) None of the options
Answer: A
Question. Current Ratio is 3:4, Current Liabilities Rs. 24000, the amount of current assets will be
(a) Rs 18000
(b) Rs 15000
(c) Rs 16000
(d) Rs 20000
Answer: A
Question. Capital Employed is equal to
(a) Total Assets-Total Liabilities
(b) Total Assets
(c) Fixed Capital+Working Capital
(d) Total Liabilities
Answer: C
Question. A low Stock turnover indicates
(a) Over investment in stock
(b) Monopoly situation
(c) Solvency Position
(d) None of the options
Answer: A
Question. Which ratio indicates the long-term or future solvency position of the business
(a) Net Profit Ratio
(b) Equity ratio
(c) Gross Profit Ratio
(d) None of the options
Answer: B
Question. When ratios are calculated on the basis of accounting information, they are called
(a) Accounting ratios
(b) Working Capital Ratio
(c) Profit ratio
(d) None of the options
Answer: A
Question. Patents and Copyrights fall under the category of:
(a) Current Assets
(b) Liquid Assets
(c) Intangible Assets
(d) None of Above
Answer: C
Question. Which ratio is not a part of Solvency Ratio?
(a) Debt to Equity Ratio
(b) Current Ratio
(c) otal Assets to Debt Ratio
(d) Proprietary Ratio
Answer: B
Question. Limitations of Ratio Analysis
(a) Accounting ratios ignore qualitative factors
(b) Absence of universally accepted terminology
(c) Ratios are affected by window-dressing
(d) All of the options
Answer: D
Question. Proprietary or equity ratio is equal to
(a) Shareholders funds/ total assets
(b) Shareholders funds+ total assets
(c) Shareholders funds- total assets
(d) None of the options
Answer: A
Question. Long term solvency is indicated by :
(a) Current Ratio
(b) Quick Ratio
(c) Net Profit Ratio
(d) Debt/Equity Ratio
Answer: D
Question. The solvency position of any firm is determined and measured with the help of
(a) Solvency ratios
(b) Activity Ratios
(c) Profitability Ratios
(d) None of the options
Answer: A
Question. Financial ratio analysis are conducted by which groups of analysts
(a) Managers
(b) Equity investors
(c) Long term creditors
(d) All of the options
Answer: D
Question. Collection of debtors
(a) Increases current ratio
(b) Has no effect on current ratio
(c) Decreases current ratio
(d) None of the options
Answer: C
Question. A Company’s liquid assets are Rs. 10,00,000 and its current liabilities are Rs.8,00,000. Subsequently, it purchased goods for Rs. 1,00,000 on credit. Quick ratio will be......
(a) 1.11:1
(b) 1.22:1
(c) 1.38 : 1
(d) 1.25 : 1
Answer: A
Question. The_____ratio may indicate the firm is experiencing stock outs and lost sales.
(a) Inventory turnover
(b) Average collection period
(c) Quick
(d) None of the options
Answer: C
Question. Low Current Ratio indicates
(a) Business cannot meet short term liability
(b) Business can meet long term liability
(c) Business cannot meet long term liability
(d) Business can meet short term liability
Answer: A
Question. Ratio of Net Sales to Net Working Capital is
(a) Profitability Ratio
(b) Liquidity Ratio
(c) None of the options
(d) Working Capital Turnover Ratio
Answer: D
Question. Which Items Included in Current Assets for get the current ratio
(a) All of the options
(b) Current investments
(c) Current Stock
(d) Trade receivables (bills receivable and sundry debtors less provision for doubtful debts)
Answer: A
Question. Credit Purchases Rs.9,60,000; Cash Purchases Rs.6,40,000; Creditors Rs.2,40,000; Bills Payable Rs.80,000. Average Payment Period will be :
(a) 3 months
(b) 4 months
(c) 2.4 months
(d) 6 months
Answer: B
Question. Working Capital is equal to
(a) Current Assets Current Liabilities
(b) Current Assets + Current Liabilities
(c) Current Assets/Current Liabilities
(d) None of the options
Answer: A
Question. Traditional Classification is further divided into the categories
(a) All of the options
(b) Income Statement Ratios
(c) Balance Sheet Ratios
(d) Composite Ratios
Answer: A
Question. Liquid Assets :
(a) Current Assets - Prepaid Exp.
(b) Current Assets - Inventory + Prepaid Exp.
(c) Current Assets - Inventory - Prepaid Exp.
(d) Current Assets + Inventory - Prepaid Exp.
Answer: C
Question. Current Assets Rs.5,00,000; Current Liabilities Rs. 1,00,000; Revenue from Operations Rs.28,00,000. Working Capital turnover Ratio will be:
(a) 7 times
(b) 5.6 times
(c) 8 times
(d) 10 times
Answer: A
Question. The ___________ ratios are primarily measures of return.
(a) Liquidity
(b) Profitability
(c) Activity
(d) Debt
Answer: C
Please click on below link to download CBSE Class 12 Accountancy Ratio Analysis Worksheet Set C
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CBSE Class 12 Accountancy Tools of Analysis Worksheet Set A |
CBSE Class 12 Accountancy Tools of Analysis Worksheet Set B |