Ahsanullah University of Science & Technology

Civil Engineering
Quiz-II (HUM 201) [A+B+C]
Time: 50 Minutes (Additional 10 Minutes for Submission)

Question 01: Briefly Explain Assets, Liabilities and Equity. (Not More than 10 lines).

Question 02: This is the Income Statement of Starship Company. Do Vertical Analysis and
comment on the business.
Particulars 2020 2019
Sales Revenue 25,74,000 21,06,000
Less: Sales Returns 2,21,130 1,64,970
Less: Sales Discounts 12,870 10,530

Net Sales 23,40,000 19,30,500

Less: Cost of Goods Sold 9,36,000 7,60,500
Gross Profit 14,04,000 11,70,000
Less: Operating Expenses 7,02,000 5,85,000
Income from Operations/Operating Income 7,02,000 5,85,000
Add: Non-Operating Income 11,700 11,700
Income before Interest Expenses & Taxes 7,13,700 5,96,700
Less: Non-Operating Expenses 23,400 23,400
Income Before Taxes 6,90,300 5,73,300
Less: Income Tax (@40%) 2,76,120 2,29,320
Net Income 4,14,180 3,43,980
Question 03:

PWC Company
Balance Sheet
December 31, 2020
Particulars Amount (Taka)
Assets:
Current Asset;
Cash 10,000
Accounts Receivables 1,50,000
Notes Receivables 1,20,000
Inventories 1,20,000
Total Current Assets 4,00,000
Fixed Assets:
Lands & Buildings 1,50,000
Furniture 1,10,000
Equipment 1,15,000
Intangible Assets 15,000
Total Fixed Assets 3,55,000
Total Assets
7,55,000
Liabilities & Shareholders’ Equity;
Liabilities;
Current Liabilities;
Accounts Payable 1,50,000
Notes Payable 90,000
Interest Payable 15,000
Total Current Liabilities 2,55,000
Long Term Liabilities 2,00,000
Total Labilities 4,55,000

Shareholders’ Equity:
Common Stock 2,80,000
Retained Earnings
Total Shareholders’ Equity
20,000
3,00,000
Total Liabilities & Shareholders’ Equity 7,55,000

Total Number of Shares outstanding 1,00,000

 PWC Company
Income Statement
As on December 31, 2020

Particulars Amount (TK)

Sales (Credit Sales) 14,00,000
Less: Cost of Goods Sold (Credit Purchase) 7,00,000
Gross Profit 7,00,000
Less: Operating Expenses 4,50,000
Income from Operations 2,50,000
Add: Other Income 1,00,000
Net Income 3,50,000

Required; Based on the above financial statements, compute the following ratios for the year
2020;

1. Current Ratio
2. Quick Ratio
3. Profit Margin Ratio
4. Earnings Per Share (EPS)
5. Accounts Receivables Turnover Ratio & Average Collection Period
6. Accounts Payables Turnover Ratio & Average Payment Period
7. Debt to Asset Ratio