CUET Accountancy - Financial Statements - Ratios | Free Questions - Page 3

Q1:

2025: 15 May Shift 1

Financial Statements

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Ratios

Medium

Gross profit ratio of a company was 25%, its credit revenue from operations was Rs. 20,00,000 and its cash revenue from operations was 20% of the total revenue from operations. If the indirect expenses of the company was Rs. 50,000. Calculate its net profit.

5,00,000

6,25,000

6,00,000

5,75,000

Correct Answer

Option 4

Correct Answer

Explanation

Q2:

2025: 15 May Shift 1

Financial Statements

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Ratios

Easy

Match List-I with List-II

List-I	List-II
Accounting ratio	Type of accounting ratio
(A) Current ratio	(I) Liquidity ratios
(B) Stock turnover ratio	(II) Activity ratios
(C) Debt Equity ratio	(III) Solvency ratios
(D) Operating ratio	(IV) Profitability ratios

Choose the correct answer from the options given below:

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation

Q3:

2025: 15 May Shift 1

Financial Statements

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Ratios

Medium

A trader carries an average inventory of Rs. 40,000. His inventory turnover ratio is 8 times. If he sells goods at a profit of 20% on Revenue from operations, find out the gross profit.

Rs. 60,000

Rs. 70,000

Rs. 90,000

Rs. 80,000

Correct Answer

Option 4

Correct Answer

Explanation

Q4:

2025: 15 May Shift 1

Financial Statements

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Ratios

Medium

X Ltd. has a current ratio of 3:1 and quick ratio of 2:1. If excess of current assets over quick assets, represented by inventories is Rs. 5,000, calculate current assets and quick assets.

Rs. 15000 ; Rs. 10000

Rs. 15000 ; Rs. 14000

Rs. 10,000 ; Rs. 15000

Rs. 15000 ; Rs. 18000

Correct Answer

Option 1

Correct Answer

Explanation

Q5:

2025: 14 May Shift 2

Financial Statements

>

Ratios

Easy

Comprehension:

Answer the next 5 questions from the passage-

Following information is provided about a Firm:

Share Capital :

Equity (Rs.10) Rs. 4,00,000

12% Preference Rs. 1,00,000

General Reserve Rs. 1,84,000

10% Debentures Rs. 4,00,000

Current Liabilities Rs. 1,00,000

Fixed Assets Rs. 9,50,000

Current Assets Rs. 2,34,000

The market price of the share is Rs. 34 and the net profit after tax was Rs. 1,50,000, and the tax had amounted to Rs. 50,000.

Return on Shareholders' Funds

21.93%

19.72%

20.84%

21.07%

Correct Answer

Option 1

Correct Answer

Explanation

Q6:

2025: 14 May Shift 2

Financial Statements

>

Ratios

Easy

Comprehension:

Answer the next 5 questions from the passage-

Following information is provided about a Firm:

Share Capital :

Equity (Rs.10) Rs. 4,00,000

12% Preference Rs. 1,00,000

General Reserve Rs. 1,84,000

10% Debentures Rs. 4,00,000

Current Liabilities Rs. 1,00,000

Fixed Assets Rs. 9,50,000

Current Assets Rs. 2,34,000

The market price of the share is Rs. 34 and the net profit after tax was Rs. 1,50,000, and the tax had amounted to Rs. 50,000.

EPS ( Earning per share)-

4.85

3.45

2.86

3.89

Correct Answer

Option 2

Correct Answer

Explanation

Q7:

2025: 14 May Shift 2

Financial Statements

>

Ratios

Medium

Comprehension:

Answer the next 5 questions from the passage-

Following information is provided about a Firm:

Share Capital :

Equity (Rs.10) Rs. 4,00,000

12% Preference Rs. 1,00,000

General Reserve Rs. 1,84,000

10% Debentures Rs. 4,00,000

Current Liabilities Rs. 1,00,000

Fixed Assets Rs. 9,50,000

Current Assets Rs. 2,34,000

The market price of the share is Rs. 34 and the net profit after tax was Rs. 1,50,000, and the tax had amounted to Rs. 50,000.

Return on Investment is

20.04%

22.14%

24.84%

19.42%

Correct Answer

Option 2

Correct Answer

Explanation

Q8:

2025: 14 May Shift 2

Financial Statements

>

Ratios

Medium

Comprehension:

Answer the next 5 questions from the passage-

Following information is provided about a Firm:

Share Capital :

Equity (Rs.10) Rs. 4,00,000

12% Preference Rs. 1,00,000

General Reserve Rs. 1,84,000

10% Debentures Rs. 4,00,000

Current Liabilities Rs. 1,00,000

Fixed Assets Rs. 9,50,000

Current Assets Rs. 2,34,000

The market price of the share is Rs. 34 and the net profit after tax was Rs. 1,50,000, and the tax had amounted to Rs. 50,000.

P/E Ratio (Price Earning Ratio)

8.94 Times

9.14 Times

9.86 Times

8.24 Times

Correct Answer

Option 3

Correct Answer

Explanation

Q9:

2025: 14 May Shift 1

Financial Statements

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Ratios

Medium

The _________ may indicate that the firm is experiencing stockouts and lost sales.

Average payment period

Inventory turnover ratio

Average collection period

Quick ratio

Correct Answer

Option 2

Correct Answer

Explanation

Q10:

2025: 14 May Shift 1

Financial Statements

>

Ratios

Easy

_________ are especially interested in the average payment period, since it provides them with a sense of the bill-paying patterns of the firm.

Customers

Stockholders

Lenders and suppliers

Borrowers and buyers

Correct Answer

Option 3

Correct Answer

Explanation

Q11:

2025: 14 May Shift 1

Financial Statements

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Ratios

Easy

Which of the following statements are True about ratio analysis-

(A) A ratio reflects quantitative and qualitative aspects of results.

(B) Long-term borrowings are concerned about the ability of a firm to discharge its obligations to pay interest and repay the principal amount

(C) A ratio is always expressed as a quotient of one number divided by another.

(D) Ratios help in comparisons of a firm's results over a number of accounting periods as well as with other business enterprises.

Choose the correct answer from the options given below:

(B) and (D) only

(B) and (C) only

(C) and (D) only

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation

Q12:

2025: 14 May Shift 1

Financial Statements

>

Ratios

Medium

Match List-I with List-II

List-I	List-II
(A) Liquidity Ratio	(I) Trade payable Turnover Ratio
(B) Solvency Ratio	(II) Quick Ratio
(C) Activity Ratio	(III) Proprietary Ratio
(D) Profitability Ratio	(IV) Price earning ratio

Choose the correct answer from the options given below:

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (II), (B) - (III), (C) - (I), (D) - (IV)

(A) - (II), (B) - (I), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation

Q13:

2025: 14 May Shift 1

Financial Statements

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Ratios

Easy

The current ratio is 2.5 : 1. Current assets are Rs. 50,000 and current liabilities are Rs. 20,000. How much must be the reduction in the current assets to bring the ratio to 2 : 1

Rs. 20,000

Rs. 10,000

Rs. 5,000

Rs. 25,000

Correct Answer

Option 2

Correct Answer

Explanation

Q14:

2025: 13 May Shift 2

Financial Statements

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Ratios

Easy

Calulate Current Ratio from the following information:

Particulars (Rs.)	Amount (in Rs)
Inventories	60,000
Trade receivables	60,000
Advance tax	4,000
Cash and cash equivalents	50,000
Trade payables	1,30,000
Bank Overdraft	4,000

1.30:1

1.25:1

1.35:1

1.11:1

Correct Answer

Option 1

Correct Answer

Explanation

Q15:

2025: 13 May Shift 2

Financial Statements

>

Ratios

Easy

Match List-I with List-II

List-I	List-II
(A) Liquidity Ratios	(I) Debt to Capital Employed Ratio
(B) Solvency Ratios	(II) Net profit ratio
(C) Activity Ratios	(III) Current Ratio
(D) Profitability Ratios	(IV) Working capital Turnover Ratio

Choose the correct answer from the options given below:

(A) - (III), (B) - (I), (C) - (IV), (D) - (II)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation

Q16:

2025: 13 May Shift 2

Financial Statements

>

Ratios

Medium

Read the passage carefully and answer the next five questions (value in fraction is to be rounded off to the nearest value):

Particulars	Amount (Rs.)
Revenue from operations	8,75,000
Creditors	90,000
Bills receivable	48,000
Bills payable	52,000
Purchases	4,20,000
Trade debtors	59,000

Average collection period is -

50 days

45 days

51 days

123 days

Correct Answer

Option 2

Correct Answer

Explanation

Q17:

2025: 13 May Shift 2

Financial Statements

>

Ratios

Medium

Read the passage carefully and answer the next five questions (value in fraction is to be rounded off to the nearest value):

Particulars	Amount (Rs.)
Revenue from operations	8,75,000
Creditors	90,000
Bills receivable	48,000
Bills payable	52,000
Purchases	4,20,000
Trade debtors	59,000

Average payment period is -

133 days

113 days

123 days

103 days

Correct Answer

Option 3

Correct Answer

Explanation

Q18:

2025: 13 May Shift 2

Financial Statements

>

Ratios

Easy

Read the passage carefully and answer the next five questions (value in fraction is to be rounded off to the nearest value):

Particulars	Amount (Rs.)
Revenue from operations	8,75,000
Creditors	90,000
Bills receivable	48,000
Bills payable	52,000
Purchases	4,20,000
Trade debtors	59,000

Average Trade payables is-

90,000

52,000

1,42,000

1,07,000

Correct Answer

Option 3

Correct Answer

Explanation

Q19:

2025: 13 May Shift 2

Financial Statements

>

Ratios

Medium

Read the passage carefully and answer the next five questions (value in fraction is to be rounded off to the nearest value):

Particulars	Amount (Rs.)
Revenue from operations	8,75,000
Creditors	90,000
Bills receivable	48,000
Bills payable	52,000
Purchases	4,20,000
Trade debtors	59,000

Trade payable turnover ratio is-

2.86 times

2.96 times

2.56 times

2.16 times

Correct Answer

Option 2

Correct Answer

Explanation

Q20:

2025: 13 May Shift 2

Financial Statements

>

Ratios

Easy

Read the passage carefully and answer the next five questions (value in fraction is to be rounded off to the nearest value):

Particulars	Amount (Rs.)
Revenue from operations	8,75,000
Creditors	90,000
Bills receivable	48,000
Bills payable	52,000
Purchases	4,20,000
Trade debtors	59,000

Trade Receivable Turnover Ratio is-

8 times

8.18 times

8.78 times

9 times

Correct Answer

Option 2

Correct Answer

Explanation

Q21:

2025: 13 May Shift 1

Financial Statements

>

Ratios

Easy

Match List-I with List-II

List-I	List-II
(A) Liquidity Ratio	(I) Inventory Turnover ratio
(B) Solvency Ratio	(II) Quick Ratio
(C) Activity (or Turnover) Ratio	(III) Price earning ratio
(D) Profitability Ratio	(IV) Total asset to debt ratio

Choose the correct answer from the options given below:

(A) - (II), (B) - (IV), (C) - (I), (D) - (III)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

Correct Answer

Option 1

Correct Answer

Explanation

Q22:

2025: 13 May Shift 1

Financial Statements

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Ratios

Medium

If, Total assets = Rs. 3,00,000

Non-current liabilities = Rs. 80,000

Shareholders fund = Rs. 2,00,000

Non-current assets:

Fixed assets = Rs. 1,60,000

Non-current investments = Rs. 1,00,000.

Then, Current Ratio is:

2:1

1:1

1:2

3:2

Correct Answer

Option 1

Correct Answer

Explanation

Q23:

2025: 13 May Shift 1

Financial Statements

>

Ratios

Easy

Read the information carefully and answer the given questions

Particulars	Amount (Rs.)
Inventories	50,000
Trade Receivables	50,000
Advance Tax	4,000
Cash and Cash Equivalents	30,000
Trade Payables	1,00,000
Bank overdraft	4,000

Quick Assets of the firm are:

Rs. 1,34,000

Rs. 84,000

Rs. 80,000

Rs. 30,000

Correct Answer

Option 3

Correct Answer

Explanation

Q24:

2025: 13 May Shift 1

Financial Statements

>

Ratios

Easy

Read the information carefully and answer the given questions

Particulars	Amount (Rs.)
Inventories	50,000
Trade Receivables	50,000
Advance Tax	4,000
Cash and Cash Equivalents	30,000
Trade Payables	1,00,000
Bank overdraft	4,000

Current Ratio of the firm is:

2:1

1:1

1.5:1

1.29:1

Correct Answer

Option 4

Correct Answer

Explanation

Q25:

2025: 13 May Shift 1

Financial Statements

>

Ratios

Medium

Read the information carefully and answer the given questions

Particulars	Amount (Rs.)
Inventories	50,000
Trade Receivables	50,000
Advance Tax	4,000
Cash and Cash Equivalents	30,000
Trade Payables	1,00,000
Bank overdraft	4,000

Quick Ratio of the firm is:

1:1

0.84:1

0.77:1

0.8:1

Correct Answer

Option 3

Correct Answer

Explanation

Q26:

2024

Financial Statements

>

Ratios

Easy

Particulars	₹
Revenue from Operations	8,75,000
Creditors	90,000
Bills Receivable	48,000
Bills Payable	52,000
Purchases	4,20,000
Trade Debtors	59,000

Calculate Trade Receivables Turnover Ratio.

8.18 times

8.23 : 1

8.18%

8.81 : 1

Correct Answer

Option 1

Correct Answer

Explanation

Q27:

2024

Financial Statements

>

Ratios

Easy

Particulars	₹
Revenue from Operations	8,75,000
Creditors	90,000
Bills Receivable	48,000
Bills Payable	52,000
Purchases	4,20,000
Trade Debtors	59,000

Calculate Average Collection Period.

30 days

60 days

45 days

15 days

Correct Answer

Option 3

Correct Answer

Explanation

Q28:

2024

Financial Statements

>

Ratios

Easy

Particulars	₹
Revenue from Operations	8,75,000
Creditors	90,000
Bills Receivable	48,000
Bills Payable	52,000
Purchases	4,20,000
Trade Debtors	59,000

Calculate Trade Payables Turnover Ratio.

29.6 times

2.96 times

29.60%

2.69 : 1

Correct Answer

Option 2

Correct Answer

Explanation

Q29:

2024

Financial Statements

>

Ratios

Easy

Particulars	₹
Revenue from Operations	8,75,000
Creditors	90,000
Bills Receivable	48,000
Bills Payable	52,000
Purchases	4,20,000
Trade Debtors	59,000

Calculate Average Payment Period.

123 days

121 days

132 days

133 days

Correct Answer

Option 1

Correct Answer

Explanation

Q30:

2024

Financial Statements

>

Ratios

Easy

Particulars	₹
Revenue from Operations	8,75,000
Creditors	90,000
Bills Receivable	48,000
Bills Payable	52,000
Purchases	4,20,000
Trade Debtors	59,000

Trade Receivables Turnover Ratio and Trade Payables Turnover Ratio are categorised as:

Liquidity Ratio

Solvency Ratio

Activity Ratio

Profitability Ratio

Correct Answer

Option 3

Correct Answer

Explanation

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