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Question 61 Chapter 14 of Class 12 Part – 2 – 2024
61. (Calculate Current Assets Turn Over Ratio) Calculate Current Assets Turnover ratio from the following:
| ₹ | |
| Working capital | 2,00,000 |
| Cost of goods sold | 12,00,000 |
| Gross Profit | 3,00,000 |
| Capital employed | 6,00,000 |
| Total Assets | 7,00,000 |
| Fixed Assets Turnover Ratio | = | Net Sales |
| Net Fixed Assets | ||
| Cost of sales | = | ₹ 15,00,000* |
| ₹ 3,00,000** | ||
| Gross profit on Sale | = | 5 times |
| *Net sales | = | Cost of goods sold + Gross Profit |
| = | ₹ 12,00,000 + ₹ 3,00,000 | |
| = | ₹ 15,00,000 | |
| Net Fixed Assets | = | Capital employed - Working capital |
| = | ₹ 6,00,000 - ₹ 2,00,000 | |
| = | ₹ 4,00,000 | |
| **Current Assets | = | Total Assets - Net Fixed Assets |
| = | ₹ 7,00,000 - ₹ 4,00,000 | |
| = | ₹ 3,00,000 |
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.
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