# Question 104 Chapter 4 of +2-B – USHA Publication 12 Class

Q-104- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 104 Chapter 4 of +2-B

Miscellaneous (Analytical Questions)

104. (GP Ratio/Operating Profit Ratio/Current Ratio/Liquidity Ratio) From the following information related to the year ending 31s, March, 2018, Calculate the following ratios :
(i) Gross Profit ratio (ii) Operating Profit ratio
(iii) Current ratio (iv) Liquidity ratio

 ₹ ₹ Opening Inventories 1,52,000 Carriage inward 4,000 Purchases 6,30,500 Sales (Revenue from Operation) 10,01,000 Wages 10,000 Closing Inventories 1,96,000 Administrative Expenses 2,02,000 Non-operating income 12,000 Selling and Distribution Expenses 24,000 Financial Expenses 4,000

 BALANCE SHEET (AS AT 31st MARCH, 2018) Particulars ₹ I. Equity and Liabilities Shareholders’ Funds Share Capital Equity Share Capital 7,00,000 Reserves and Surplus Balance of Profit and Loss (Profit for the current year) 1,68,000 Reserves 12,000 Current Liabilities Short-term Borrowings : Bank Overdraft 7,000 Trade Payable 30,000 9,17,000 II. Assets : Non-Current Assets Tangible Assets Fixed Assets 6,01,000 Current Assets Inventory 1,96,000 Trade Receivable 90,000 Bank 30,000 9,17,000

## The solution of Question 104 Chapter 4 of +2-B: –

 (i) Gross Profit Ratio = Gross Profit X 100 Net Sales = ₹ 4,00,000 X 100 ₹ 10,01,000 = 39.96%

 (ii) Operating Ratio = Operating Cost X 100 Net Sales = ₹ 1,60,000 X 100 ₹ 10,01,000 = 15.98%

 (iii) Current Ratio = Current Assets Current Liabilities = ₹ 3,16,000 ₹ 37,000 = 8.54 : 1
 (iv) Liquidity Ratio = Liquid Assets Current Liabilities = = ₹ 1,20,000 ₹ 37,000 = 3.24 : 1

 Gross Profit = Sales – Cost of goods sold = ₹ 10,01,000 – ₹ 6,01,000 = ₹ 4,00,000 Cost of goods sold = Opening Inventory + Purchases + wages + carriage inward – closing inventory = ₹ 1,52,500 + ₹ 6,30,500 + ₹ 10,000 + ₹ 4,000 – ₹ 1,96,000 = ₹ 6,01,000 Operating Profit = Net Profit + Non operating expenses – non-operating incomes = ₹ 1,68,000 + ₹ 4,000 – ₹ 12,000 = ₹ 1,60,000 Liquidity Assets = Trade receivable + Bank = ₹ 90,000 + ₹ 30,000 = ₹ 1,20,000

End of Solution

## Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 14 – Accounting Ratios Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 06 Chapter 4 of +2-B – USHA Publication 12 Class

Question 12 Chapter 4 of +2-B – USHA Publication 12 Class

Question 18 Chapter 4 of +2-B – USHA Publication 12 Class

Question 24 Chapter 4 of +2-B – USHA Publication 12 Class

Question 30 Chapter 4 of +2-B – USHA Publication 12 Class

Question 35 Chapter 4 of +2-B – USHA Publication 12 Class

Question 41 Chapter 4 of +2-B – USHA Publication 12 Class

Question 47 Chapter 4 of +2-B – USHA Publication 12 Class

Question 53 Chapter 4 of +2-B – USHA Publication 12 Class

Question 59 Chapter 4 of +2-B – USHA Publication 12 Class

Question 65 Chapter 4 of +2-B – USHA Publication 12 Class

Question 71 Chapter 4 of +2-B – USHA Publication 12 Class

Question 77 Chapter 4 of +2-B – USHA Publication 12 Class

Question 83 Chapter 4 of +2-B – USHA Publication 12 Class

Question 89 Chapter 4 of +2-B – USHA Publication 12 Class

Question 95 Chapter 4 of +2-B – USHA Publication 12 Class

Question 101 Chapter 4 of +2-B – USHA Publication 12 Class

Question 107 Chapter 4 of +2-B – USHA Publication 12 Class

Question 113 Chapter 4 of +2-B – USHA Publication 12 Class

Question 119 Chapter 4 of +2-B – USHA Publication 12 Class

Thanks for completing the chapter. If you understand the question or we have helped you with your homework, please share our website on your social media. We are delighted to help you out.

Thanks again.

End of Post

If you want to download a PDF of this chapter then you can do it. Check out our PDF file on our Store page.

## Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

## Check out Part 1 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication