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Question 93 Chapter 14 of Class 12 Part – 2 – 2024
Miscellaneous (Analytical Questions)
93. (Current Ratio/Operating Ratio) From the following data calculate :
(i) Current ratio, and (ii) Operating ratio
| ₹ | |
| Trade Receivable | 1,02,000 |
| Trade Payable | 66,000 |
| Inventory | 15,000 |
| Cash | 10,000 |
| Bank | 5,000 |
| Revenue from Operation | 60,000 |
| Operating expenses | 12,000 |
| Cost of goods sold i.e. Cost of Revenue from Operation | 18,000 |
| (i) Current Ratio | = | Current Assets |
| Current Liabilities | ||
| = | ||
| = | ₹ 1,32,000 | |
| ₹ 66,000 | ||
| = | 2 : 1 |
| (ii) Operating Ratio | = | Operating Cost | X | 100 |
| Sales | ||||
| = | ||||
| = | ₹ 30,000 | X | 100 | |
| ₹ 60,000 | ||||
| = | 50% |
| Current Assets | = | Trade Receivable + Stock + Cash + Bank |
| = | ₹ 1,02,000 + ₹ 15,000 + ₹ 10,000 + ₹ 5,000 | |
| = | ₹ ₹ 1,32,000 | |
| Current Liabilities | = | Trade Payable |
| = | ₹ 66,000 | |
| Operating Cost | = | Cost of goods sold + Operating Expenses |
| = | ₹ 18,000 + ₹ 12,000 | |
| = | ₹ 30,000 |
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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