Loading Tutorstips...
✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
Question 28 Chapter 7 - Unimax Publication Class 12 Part 2 - 2021
28. From the following calculate stock turnover ratio:
| Particulars | ₹ |
| Opening stock | 29,000 |
| Closing stock | 31,000 |
| Sales | 3,00,000 |
| Gross profit ratio 25% on cost |
|
G.P. ratio |
= | G. P. | X | 100 |
| Net Sales | ||||
| 25 | = | G. P. | X | 100 |
| 3,00,000 |
| G.P. | = | 25 X 3,00,000 |
| 100 |
| = | ₹ 75,000 | |
| C.O.G.S. | = | Net Sales- G.P. |
| = | 3,00,000 – 75,000 | |
| = | 2,25,000 | |
| Average stock | = | 29,000 + 31,000 |
| 2 | ||
| = | ₹30,000 | |
| Stock turnover ratio | = | C.O.G.S. |
| Average stock | ||
| = | 2,25,000 | |
| 30,000 | ||
| = | 7 .5 : 1 Ans. |
Thanks, Please Like and share with your friends
Comment if you have any Doubts.
https://tutorstips.com/accounting-ratios/
Check out T.S. Grewal +2 Book 2023@ Official Website of Sultan Chand Publication
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question 28 Chapter 7 -Unimax Publication Class 12 Part 2 - 2021", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax Publication Class 12 Part 2 - 2021.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "Question 28 Chapter 7 -Unimax Publication Class 12 Part 2 - 2021" instantly.
