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Question No 49 Chapter 7 – UNIMAX Class 12 Part 2 – 2021
49. From the following particulars, you are required to calculate (1) Current ratio, (2) Gross profit ratio, (3) Net profit ratio:
| Particulars | (₹) |
| Stock | 50,000 |
| Debtors | 40,000 |
| Bills receivable | 10,000 |
| Advance paid | 4,000 |
| Cash in hand | 30,000 |
| Net profit | 30,000 |
| Creditors | 60,000 |
| Bills payable | 40,000 |
| Bank overdraft | 4,000 |
| Sales (net) | 7,00,000 |
| Gross profit | 50,000 |
|
(I) current ratio Advertisement |
= | Current assets |
| Current liabilities |
| = | 50,000+40,000+10,000+4,000+30,000 |
| 60,000+40,000+4,000 |
| = | 1,34,000 |
| 1,04,000 |
| = | 1.288 :1 Ans. |
| (ii) G.P. Ratio | = | G.P. | X | 100 |
| Net Sales |
| = | 50,000 | X | 100 |
| 7,00,000 | |||
| = | 7.14% Ans. |
| (iii)N.P. Ratio | = | N.P. | X | 100 |
| Net sales |
| = | 30,000 | X | 100 |
| 7,00,000 | |||
| = | 4.285 % Ans. |
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 No 49 Chapter 7 – UNIMAX Class 12 Part 2 – 2021", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax Accountancy Class 12 Part 2 - 2023.
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