
Accounts XII ISC Assignment 3
Quiz by Vidya Howal
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1. Proprietary or equity ratio is equal to
2.Long term solvency is indicated by :
3. Twobasic measures of liquidity are:
4.The solvency position of any firm is determined andmeasured with the help of
5.Current ratio is:
6.Current Ratio is :
7. Liquid Assetsdo not include:
8. IdealCurrent Ratio is:
9. Inventoryratio is a relationship between
10. WorkingCapital is the :
11. Current Ratiois 3:4, Current Liabilities Rs. 24000, the amount of current assets will be
12. Currentassets include only those assets which are expected to be realized within……
13. The ________measures the activity of a firm’s inventory.
14. If Debtequity ratio exceeds ……………., it indicates risky financial position.
15. When ratiosare calculated on the basis of accounting information, they are called
16. Limitationsof Ratio Analysis
17. Revenue fromOperations Rs.6,00,000; Gross Profit 20%; Office Expenses Rs.30,000;SellingExpenses Rs.48,000.Calculate operating ratio.
18. OpeningInventory Rs.1,00,000; Closing Inventory Rs.1,50,000; Purchases Rs.6,00,000;Carriage Rs.25,000; wages Rs.2,00,000. Inventory Turnover Ratio will be:
19.What are super profits
20.Under which method of valuation of goodwill,normal rate of return is not considered?