From the following Balance Sheet of Akhil Ltd. as at 31st March, 2023, Calculate (i) Net Assets Turnover Ratio and (ii) Fixed Assets Turnover Ratio:
From the following Balance Sheet of Akhil Ltd. as at 31st March, 2023, Calculate (i) Net Assets Turnover Ratio and (ii) Fixed Assets Turnover Ratio:
| Particulars | Note. No. | ₹ |
| I. EQUITY AND LIABILITIES | ||
| 1. Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus |
10,00,000 3,00,000 |
|
| 2. Non-Current Liabilities Long-term Borrowings: – 8% Debentures |
5,00,000 | |
| 3. Current Liabilities (a) Trade Payables (b) Other Current Liabilities |
1,50,000 50,000 |
|
| Total | 20,00,000 | |
| II ASSETS | ||
| 1. Non-Current Assets Property, Plant and Equipment and Intangible Assets: – Property, Plant, and Equipment (Net of Depreciation) |
13,00,000 | |
| 2. Current Assets (a) Inventories (b) Trade Receivables (c) Cash and Cash Equivalents |
3,00,000 2,50,000 1,50,000 |
|
| Total | 20,00,000 |
Revenue from Operations for the year was ₹ 45,00,000.
[Ans.: (i) 2.5 Times and (ii) 3.47 Times.
Anurag Pathak Changed status to publish August 15, 2023
