Study the table and answers the questions.
Financial
Statement of A company Over the years
(Rupees
in Lakhs )
|
Year
|
Gross Turnover
|
Profit before interesrt and depreciation
|
Interest Rs.
|
Deprciation Rs.
|
Net profit Rs.
|
|
2000-01
|
1360.00
|
381.90
|
300.00
|
70.00
|
10.66
|
|
2001-02
|
1402.00
|
403.92
|
315.35
|
71.10
|
18.45
|
|
2002-03
|
1538.40
|
520.05
|
390.80
|
80.01
|
49.15
|
|
2003-04
|
2116.34
|
600.02
|
440.89
|
89.0
|
66.00
|
|
2005-06
|
2521.00
|
810.00
|
500.90
|
91.92
|
212.80
|
|
2006-07
|
2758.99
|
920.00
|
600.00
|
99.00
|
220.80
|
Q (1) During which year did the 'Net Profit ' exceed Rs. 1 crore
for the first time ?
(a) 2006-07
(b)2005-06 (c)
2003-04
(d)
2002-03 (e)
None of these
Solution :By looking at the table we find option (b) as correct
Q(2) During which year was the " Gross Turnover "
closet to thrice the 'Profit before Interest and Depreciation' ?
(a) 2006-07
(b)2005-06 (c)
2003-04
(d)
2002-03 (e)
2001-02
Solution : Here we have to find out the ratio of "Gross
turnover " to the "Profit before Interest and Depreciation "
for 2006-07 ratio = 2758.99 / 920 = 3.0 , since we get answer by hit and trial
of first option only then we need not have to find other option.
So, correct option is (a) 2006-07
Q(3) During which of the given year did the 'Net profit ' form
the highest proportion of the ' Profit before Interest and Depreciation ?
(a) 2005-06
(b)
2003-04 (c)
2002-03
(d)
2001-02 (e)
2000-01
Solution : Here we will find the reverse ths ratio between ( Profit
before Interest and Depreciation / Net Profit ) and try to find lowest ratio
also we use approximation for saving time
For 2005-06, 81 / 21 = 4 approx.
For 2003-04, 60 / 6.6 = 9 approx
For 2002-03, 520 / 50 = 10 approx
For 2001-02, 40 / 1.8 = 22 approx
For 2000-01, 380 / 10 = 38 approx
So, lowest ratio is for 2005-06 it means reverse ratio between (Net Profit /
Profit before Interest and Depreciation ) will be highest, so option (a) is
correct
Q(4) Which of the following registered the lowest increase in
terms of rupees from the year 2005-06 to the year 2006-07 ?
(a) Gross turnover
(b) Profit
before interest and
depreciation (c)
Depreciation
(d) Interest (e)
Net Profit
Solution : We calculation with approximation in mind
(a) 2758 - 2520= 2200 approx.
(b) 92 -81 =11= 110 approx
(c) 99 - 91.92 = 08.09 approx
(d) 600 - 505 = 95 approx
(e) 220 - 212= 08 approx
So correct option is (e) Net profit
Q(5) The gross Turnover for 2002-03 is of what
percentage of the 'Gross Turnover ' for 2005-06 ?
(a) 61 (b)
163 (c) 0.611
(d) 39 (e)
0.006
Solution : 2002-03 Gross Turnover 1538.40
For 2005-06 Gross Turnover 2521.00
15/25 X 100=60 App
So option (a) is correct
