Question 61 Chapter 7 -Unimax Publication Class 12 Part 2 - 2021

Question 61 Chapter 7 - Unimax Publication Class 12 Part 2 - 2021

61. From the information given below, calculate (1) Gross profit ratio, (2) Working capital turnover ratio, (3) Debt-Equity ratio, (4) Proprietary ratio.

Particulars  Advertisement	₹
Net sales	5,00,000
Cost of goods sold	3,00,000
Current assets	2,00,000
Current liabilities	1,40,000
Paid up share capital	2,50,000
13% debentures	1,10,000

The solution of Question 61 Chapter 7 - Unimax Publication Class 12 Part 2-2021 : -

(I) G.P	=	Net sales – C.O.G.S
	=	5,00,000 – 3,00,000
	=	₹2,00,000

G.P. Ratio	=	G.P.	X	100
		Net Sales

=	2,00,000	X	100
	5,00,000
=	40% Ans.

(ii) working capital	=	current assets – current liabilities
	=	2,00,000 -1,40,000
	=	₹ 60,000

Working capital turnover ratio	=	Net sales
		Average W.C

=	5,00,000
	60,000
=	8.33 times Ans.

(iii) Debt – Equity Ratio	=	Long Term debts
		Shareholder' s Fund

=	1,10,000
	2,50,000
=	0.44 Ans.

(iv) Total assets	=	Total liabilities
Total assets	=	1,40,000 + 2,50,000 + 1,10,000
	=	5,00,000

Proprietory Ratio	=	Shareholder' s Fund	x	100
		Total assets

=	2,50,000	x	100
	5,00,000
=	50 % Ans.

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Unimax Publication - Accountancy PSEB Class 12 - Volume I - Solution

• Chapter No. 1 – Accounting Not for Profit Organisations
• Chapter No. 2 – Partnership Accounts – I (Introduction)
• Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
• Chapter No. 4 – Partnership Accounts – III (Change in Profit sharing ratio among Existing Partners )
• Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
• Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
• Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)

Unimax Publication - Accountancy PSEB (Class 12) - Part - II - Solution

• Chapter No. 1 – Company Accounts (Share Capital)
• Chapter No. 2 – Company Accounts (Issue of Debentures)
• Chapter No. 3 – Company Accounts (Redemption of Debentures)
• Chapter No. 4 – Financial Statements of a Company
• Chapter No. 5 – Financial Statement Analysis
• Chapter No. 6 –  Tools of Financial Statement Analysis- Comparative and Common Size  
• Chapter No. 7 – Ratio Analysis
• Chapter No. 8 – Cash Flow Statement

Check out T.S. Grewal +2 Book 2023@ Official Website of Sultan Chand Publication