Analysis of Financial Statements-II

NUMERICAL QUESTION

 1. Following are the balance sheet of Alpha Ltd, as at March 31,2016 and 2017:

Particulars	2016 (Rs.)	2017 (Rs.)
I. Equity and Liabilities
Equity share capital	2,00,000	4,00,000
Reserves and surplus	1,00,000	1,50,000
Long-term borrowings	2,00,000	3,00,000
Short-term borrowings	50,000	70,000
Trade payables	30,000	60,000
Short-term provisions	20,000	10,000
Other current liabilities	20,000	30,000
Total	6,20,000	10,20,000
II. Assets
Fixed assets	2,00,000	5,00,000
Non-current investments	1,00,000	1,25,000
Current investments	60,000	80,000
Inventories	1,35,000	1,55,000
Trade receivables	60,000	90,000
Short term loans and advances	40,000	60,000
Cash at bank	25,000	10,000
Total	6,20,000	10,20,000

You are required to prepare a comparative Balance Sheet.

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2. Following are the balance sheet of Beta Ltd, as at March 31,2016 and 2017:

Particulars	2013 (Rs.)	2014 (Rs.)
I. Equity and Liabilities
Equity share capital	4,00,000	3,00,000
Reserves and surplus	1,50,000	1,00,000
Long-term borrowings	3,00,000	1,00,000
Short-term borrowings	70,000	50,000
Trade payables	60,000	30,000
Short-term provisions	10,000	20,000
Other current liabilities	1,10,000	1,00,000
Total	11,00,000	11,00,000
II. Assets
Fixed assets	4,00,000	5,00,000
Non-current investments	2,25,000	1,25,000
Current investments	80,000	80,000
Inventories	1,05,000	1,55,000
Trade receivables	90,000	90,000
Short term loans and advances	1,00,000	60,000
Cash at bank	1,00,000	10,000
Total	11,00,000	11,00,000

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3. Prepare Comparative statement of profit and loss from the following information:

Particulars	2016-17 (Rs.)	2015-16 (Rs.)
Freight Outward	20,000	10,000
Wages (office)	10,000	5,000
Manufacturing Expenses	50,000	20,000
Stock adjustment	(60,000)	30,000
Cash purchases	80,000	60,000
Credit purchases	60,000	20,000
Returns inward	8,000	4,000
Gross profit	(30,000)	90,000
Carriage outward	20,000	10,000
Machinery	3,00,000	2,00,000
Charge 10% depreciation on machinery	10,000	5,000
Interest on short-term loans	20,000	20,000
10% debentures	20,000	10,000
Profit on sale of furniture	20,000	10,000
Loss on sale of office car	90,000	60,000
Tax rate	40%	50%

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4. Prepare Comparative Income Statement from the Following Information:

Particulars	2015-16	2016-17
Manufacturing expenses	35,000	80,000
Opening stock	30,000	60% of closing stock
Sales	9,60,000	4,50,000
Returns outwards	4,000(out of credit purchase)	6,000(out of cash purchase)
Closing stock	150% of opening stock	1,00,000
Credit purchases	1,50,000	150% of cash purchase
Cash purchases	80% of credit	40,000
Carriage outward	10,000	30,000
Building	1,00,000	2,00,000
Depreciation on building	20%	10%
Interest on bank overdraft	5,000	_
10% debenture	2,00,000	2,00,000
Profit on sales of copyright	10,000	20,000
Loss on sale of personal car	10,000	20,000
Other operating expenses	20,000	10,000
Tax rate	50%	40%

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5.Prepare common size statement of profit and loss of shefali ltd. with the help of following information.

Particulars	2015-16	2016-17
Revenue from operations	6,00,000	8,00,000
Indirect expenses	25% of gross profit	25% of gross profit
Cost of revenue from operations	4,28,000	7,28,000
Other incomes	10,000	12,000
Income tax	30%	30%

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6. Prepare a Common Size balance sheet from the following balance sheet of Aditya Ltd. and Anjali Ltd.:

Particulars	Aditya Ltd. (Rs.)	Anjali Ltd. (Rs.)
I. Equity and Liabilities
a) Equity share capital	6,00,000	8,00,000
b) Reserves and surplus	3,00,000	2,50,000
c) Current liabilities	1,00,000	1,50,000
Total	10,00,000	12,00,000
II. Assets
a) Fixed assets	4,00,000	7,00,000
b) Current assets	6,00,000	5,00,000
Total	1,00,0000	12,00,000

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