Q1:

2023: 20 June Shift 2

Ratios

Easy

Match List I with List II

LIST ILIST II
A. Operating Profit RatioI. Solvency Ratios
B. Working Capital Turnover RatioII. Liquidity Ratios
C. Debt-Equity RatioIII. Activity Ratios
D. Quick RatioIV. Profitability Ratios

Choose the correct answer from the options given below:

Answer options

Q2:

2023: 11 June Shift 3

Ratios

Easy

Identify the other name by which Liquid ratio is known :

Answer options

Q3:

2023: 11 June Shift 3

Ratios

Medium

What will be Interest Coverage Ratio, when 20% Long term Debt is Rs. 10,00,000, Tax Rate 40% and Net profit After Tax is Rs. 6,00,000.

Answer options

Q4:

2023: 29 May Shift 2

Ratios

Medium

Every company analyse its earning capacity of the business which is outcome of utilisation of resources employed in the business. To analyse profitability company can use:

A. Dividend Payout Ratio

B. Return on Net Worth

C. Gross Profit Ratio

D. Quick Ratio

E. Inventory Turnover Ratio

Choose the choose answer from the option given below:

Answer options
Option 3
Correct Answer
Explanation for 2023: 29 May Shift 2 ACC question 4

Q5:

2023: 29 May Shift 2

Ratios

Easy

Identify the ratio which is not computed for evaluating solvency of the business.

Answer options
Option 3
Correct Answer
Explanation for 2023: 29 May Shift 2 ACC question 5

Q6:

2023: 28 May Shift 1

Ratios

Easy

Match List - I with List - II.

List - IList - II
(A) Current Ratio(I) Solvency Ratios
(B) Inventory Turnover Ratio(II) Liquidity Ratios
(C) Return on Investment(III) Profitability Ratios
(D) Proprietory Ratio(IV) Activity Ratios

Choose the correct answer from the options given below :

Answer options
Option 3
Correct Answer
Explanation for 2023: 28 May Shift 1 ACC question 6

Q7:

2023: 28 May Shift 1

Ratios

Medium

Aradya Ltd. had debt equity ratio of 2.5 : 1. State which of the following transaction will not effect the Debt Equity Ratio :

Answer options
Option 2
Correct Answer
Explanation for 2023: 28 May Shift 1 ACC question 7

Q8:

2023: 28 May Shift 1

Ratios

Medium

Net Capital Employed is equal to :

(A) Fixed Assets + Current Assets - Long term liabilities

(B) Non current Assets + Current Assets - Current liabilities

(C) Fixed Assets + Current Assets - Equity

(D) Equity + Debt

(E) Current Assets - Current liabilities

Choose the correct answer from the options given below :

Answer options
Option 2
Correct Answer
Explanation for 2023: 28 May Shift 1 ACC question 8

Q9:

2022: 30 Aug Shift 2

Ratios

Easy

What are the different types of liquidity ratios

A. Interest coverage ratio

B. Current ratio

C. Inventory turnover ratio

D. Gross profit ratio

E. Acid test ratio

Choose the correct answer from the options given below:

Answer options
Option 2
Correct Answer
Explanation for 2022: 30 Aug Shift 2 ACC question 9

Q10:

2022: 23 Aug Shift 2

Ratios

Easy

If there is Revenue from Operation Rs. 1,20,000 and gross profit is 20% of cost, then the amount of gross profit will be :

Answer options

Q12:

2022: 23 Aug Shift 2

Ratios

Easy

For calculating EPS, the following order will be followed.

(A) Calculate number of equity shares

(B) Calculate earning available for equity share holders

(C) Compute profit after tax

(D) Compute EPS

Choose the correct answer from the options given below :

Answer options

Q15:

2022: 20 Aug Shift 2

Ratios

Medium

X Ltd. has a Current Ration of 3.5 : 1 and Quick Ratio of 2 : 1. If excess of current assets over quick assets represented by inventories is Rs. 24,000. Calculate current liabilities.

Answer options

Q16:

2022: 20 Aug Shift 2

Ratios

Easy

Match List I with List II

List IList II
A. Liquidity RatioI. Proprietary Ratio
B. Solvency RatioII. Current Ratio
C. Activity RatioIII. Earning per Share
D. Profitability ratioIV. Current assets turnover ratio

Choose the correct answer from the options given below:

Answer options

Q17:

2022: 8 Aug Shift 2

Ratios

Medium

Which one of the following statements is true?

Answer options
Option 2
Correct Answer
Explanation for 2022: 8 Aug Shift 2 ACC question 17

Q18:

2022: 8 Aug Shift 2

Ratios

Easy

Current ratio is 2.5, current liabilities Rs. 25,000, the amount of current assets will be:

Answer options
Option 1
Correct Answer
Explanation for 2022: 8 Aug Shift 2 ACC question 18

Q19:

2022: 8 Aug Shift 2

Ratios

Medium

What is gross profit ratio?

Gross sales Rs. 7,60,000

Sales returns Rs. 40,000

Net Profit after interest Rs. 40,000

Indirect expenses Rs. 60,000

Interest paid on debentures Rs. 20,000

Answer options
Option 1
Correct Answer
Explanation for 2022: 8 Aug Shift 2 ACC question 19

Q20:

2022: 8 Aug Shift 2

Ratios

Medium

When the ratio is low, the firm is said to have favourable indication.

Answer options
Option 4
Correct Answer
Explanation for 2022: 8 Aug Shift 2 ACC question 20

Q21:

2022: 8 Aug Shift 2

Ratios

Easy

Debt-equity ratio is a sub-part of:

Answer options
Option 2
Correct Answer
Explanation for 2022: 8 Aug Shift 2 ACC question 21

Q22:

2022: 8 Aug Shift 2

Ratios

Easy

What is Gross Profit Ratio if?

Total sales Rs. 6,00,000

Sales returns Rs. 50,000

Cost of goods sold Rs. 4,40,000

Answer options
Option 1
Correct Answer
Explanation for 2022: 8 Aug Shift 2 ACC question 22

Q23:

2022: 8 Aug Shift 2

Ratios

Easy

A low stock turnover ratio indicates:

Answer options
Option 1
Correct Answer
Explanation for 2022: 8 Aug Shift 2 ACC question 23

Q25:

2022: 8 Aug Shift 2

Ratios

Medium

Collections from book debts:

Answer options
Option 3
Correct Answer
Explanation for 2022: 8 Aug Shift 2 ACC question 25

Q26:

2022: 8 Aug Shift 2

Ratios

Medium

Which one higher ratio is not favourable?

Answer options
Option 4
Correct Answer
Explanation for 2022: 8 Aug Shift 2 ACC question 26

Q27:

2022: 20 July Shift 1

Ratios

Easy

Match List - I with List - II

List - IList - II
(a) Working Capital Turnover Ratio(i) Quick AssetsCurrent liabilities\frac{\text{Quick Assets}}{\text{Current liabilities}}
(b) Acid Test Ratio(ii) Operating ProfitRev. from operations×100\frac{\text{Operating Profit}}{\text{Rev. from operations}} \times 100
(c) Operating Profit Ratio(iii) Revenue from operationWorking capital\frac{\text{Revenue from operation}}{\text{Working capital}}
(d) Trade Payables Turnover Ratio(iv) Net Credit Revenue from operationAverage Trade payables\frac{\text{Net Credit Revenue from operation}}{\text{Average Trade payables}}

Choose the correct answer from the options given below :

Answer options

Q28:

2022: 20 July Shift 1

Ratios

Medium

Calculate Current Ratio from the following given information.

Liquid Ratio 0.75 : 1

Current Liabilities Rs. 1,80,000

Prepaid Expenses Rs. 20,000

Inventory Rs. 47,250

Answer options

Q29:

2022: 20 July Shift 1

Ratios

Easy

Make the right combination of the ratios that enables to find the short term liquidity.

(a) Return on Equity

(b) Acid Test Ratio

(c) Current Ratio

(d) Sacrificing Ratio

(e) Inventory Turnover Ratio

Choose the most appropriate answer from the options given below :

Answer options

Q30:

2022: 16 July Shift 2

Ratios

Medium

If there are Fixed assets of Rs.10,00,00 Current assets of Rs.6,00,000, Current liabilities of Rs.3,00,000 and Net profit before Interest and Tax of Rs.2,60,000; then Return on Investment will be:

Answer options