Home
Class 12
ACCOUNTS
Y Ltd. Has earned a profit of ₹ 50,000 f...

Y Ltd. Has earned a profit of ₹ 50,000 for the year ended 31 st March 2019 .Y Ltd, had fixed assets having net value ( after depreciation) of ₹ 7,50,000 and current Return on Total Assets Ratio.

Text Solution

Verified by Experts

Return on Total Assets Ratio`=("Profit after Tax ")/(" Total Assets ")xx100 =(" ₹ 50,000 ")/("10,00,00")xx 100 = 5%`
Total Assets = Net Fixed Assets + Current Assets = ₹ 7,50,000 + ₹ 2,50,000= ₹ 10,00,000.
Promotional Banner

Topper's Solved these Questions

  • PRACTICE WORK

    TS GREWAL|Exercise Exercies|7 Videos
  • PRACTICE WORK

    TS GREWAL|Exercise viva question|180 Videos
  • PRACTICE ASSIGNMENT

    TS GREWAL|Exercise Issue and Redemption of Debentures|8 Videos
  • SCANNER

    TS GREWAL|Exercise Cash Flow Statement|20 Videos
TS GREWAL-PRACTICE WORK-viva question
  1. Y Ltd. Has earned a profit of ₹ 50,000 for the year ended 31 st March ...

    Text Solution

    |

  2. What was the reason for Ms. Parul and Ms. Aruna to become partners in ...

    Text Solution

    |

  3. Why is it necessary for Ms. Parul and Ms. Aruna to enter into partners...

    Text Solution

    |

  4. Why is it necessary to prepare Trial Balance ?

    Text Solution

    |

  5. Was the bank balance reconciled?

    Text Solution

    |

  6. What does a Trading Account show?

    Text Solution

    |

  7. What does Profit and Loss Account show?

    Text Solution

    |

  8. Give two characteristics of a Balance Sheet

    Text Solution

    |

  9. What do youunderstandby 'Direct Expenses?

    Text Solution

    |

  10. How is Closing Stock (inventory) valued?

    Text Solution

    |

  11. Why do we recognise 'income earned but not received' and 'expenses inc...

    Text Solution

    |

  12. What can be the reasons for a firm earning higher Gross Profit than th...

    Text Solution

    |

  13. Operating Ratio is lower than the industry standard. Is it good for th...

    Text Solution

    |

  14. Do you think lower Inventory Turnover Ratio is good for the firm?

    Text Solution

    |

  15. Why do you think lower Trade Payables Turnover Ratio is not good for t...

    Text Solution

    |

  16. Working Capital Turnover Ratio of the firm is 0.94 against industry st...

    Text Solution

    |

  17. The firm ha s hight Current Ratio. What does it indicate ?

    Text Solution

    |

  18. Which areas , according to you are the weak areas of the firm ?

    Text Solution

    |

  19. What does Operating Ratio of 65.40 % indicates against Industry Standa...

    Text Solution

    |

  20. Gross Profit Ratio is 46.72% against Industry Standard of 40%. What do...

    Text Solution

    |

  21. Net Profit Ratio is 33.50% against industry standard 27.5%. What does ...

    Text Solution

    |