The Balance Sheet as on 2002 and 2003 are as under:

Liabilities 2002 2003 Assets 2002 2003

Equity share capital 100,000 125,000 Land & Building 50,000 75,000

General reserve 12,500 15,000 plant & machinery 57,500 55,000

Profit & Loss A/C 10,000 7,500 stock 10,000 12,500

Creditors 5,000 6,250 Debtors 7,500 10,000

Bills payable 3,750 7,500 cash & bank 5,000 7,500

outstanding expenses 1,250 3,750 Bills receivable 2,500 5,000

Provident fund 7,500 5,000 Preliminary expenses 7,500 5,000

140,000 170,00 140,000 170,000

The Profit & Loss Account for 2002 & 2003

Particulars 2002 2003 Particulars 2002 2003

To, opening stock 5,000 10,000 By, Sales 62,500 112,500

Purchase 37,500 47,500 Closing stock 10,000 12,500

office expenses 7,500 10,000 Profit on sale of furniture 2,500 0

Selling expenses 5,000 12,500

Financial expenses 2,500 15,000

Net Profit 17,500 30,000

75,000 125,000 75,000 125,000

Find out-

(1) Current Ratio

(2) Stock Turnover Ratio

(3) Gross Profit Ratio

Question 1:Total Current assets of 2002 are .

( ) "22,500"

( ) "25,000"

( ) "17,500"

( ) "20,500"

Question 2:Total Current Liabilities of 2003 are ..

( ) "22,500"

( ) "20,500"

( ) "25,000"

( ) "17,500"

Question 3:What is the Current Ratio in 2002?

( ) 1.2:1

( ) 1:01

( ) 1.43:1

( ) 1.9:1

Question 4:What is the Current Ratio in 2003?

( ) 1:01

( ) 1.56:1

( ) 1.3:1

( ) 1.43:1

Question 5:value of Average Stock in 2002 is .

( ) "7,500"

( ) "6,000"

( ) "10,000"

( ) "7,000"

Question 6:value of Average Stock in 2003 is .

( ) "7,500"

( ) "10,000"

( ) "9,000"

( ) "11,250"

Question 7:what is the stock turn over ratio in 2002?

( ) 4.33 times

( ) 5.6 times

( ) 2 times

( ) 5 times

Question 8:what is the stock turn over ratio in 2003?

( ) 2 times

( ) 4.33 times

( ) 5 times

( ) 4 times

Question 9:Gross Profit Margin ratio in 2002 is .

( ) 45%

( ) 33%

( ) 48%

( ) 20%

Question 10:Gross Profit Margin ratio in 2003 is .

( ) 60%

( ) 57%

( ) 55%

( ) 50%