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# Question 106 Chapter 4 of +2-B – USHA Publication 12 Class

Q-106- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 106 Chapter 4 of +2-B

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Miscellaneous (Analytical Questions)

106. (Stock T/O Ratio/C.A./Stock) From the given information, calculate the stock turnover ratio.
(a) Sales (Revenue from Operations) ₹ 3,00,000, Gross profit 25% on cost. Opening Stock was 1/3rd of the value of the closing stock. The closing stock was 30% of sales.
(b) A business has a current ratio of 3: 1 and a quick ratio of 1.2: 1. If the working capital is ₹ 1,50,000. Calculate the total current Assets and stock.

## The solution of Question 106 Chapter 4 of +2-B: –

 (a) Stock Turnover Ratio = Cost of Goods Sold Average Stock = ₹ 2,40,000 ₹ 60,000 = 4 times

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Working Notes :
Calculation of Cost of goods Sold :

 Gross Profit = 25% on Costs Sales = ₹ 3,00,000 Cost Price = ₹ 100 Gross Profit = ₹ 25 Sale Price = ₹ 125
 Gross Profit = Price X Sales Sale Price = ₹ 25 X ₹ 3,00,000 ₹ 125 = ₹ 60,000 Cost of goods sold = Sales – Gross Profit = ₹ 3,00,000 – ₹ 60,000 = ₹ 2,40,000 (b) Working Capital = Current Assets – Current Liabilities Current Ratio = 3 : 1 Working Capital = 3-1 Working Capital = 2 If Working Capital 2 then Current Assets = 3 = 3 x ₹ 1,50,000 2 = ₹ 25,000 Working Capital = Current Assets – Current Liabilities ₹ 1,50,000 = ₹ 2,25,000 – Current Liabilities = ₹ 2,25,000 – ₹ 1,50,000 = ₹ 75,000 Quick Ratio = 1.2: 1 1.2 : 1 = Quick Assets Current Liabilities = Quick Assets ₹ 75,000 Quick Assets = ₹ 75,000 x 1.2 = ₹ 90,000 Inventory = Current Assets – Quick Assets = ₹ 2,25,000 – ₹ 90,000 = ₹ 1,35,000

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

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Question 09 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 15 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 21 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 27 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 32 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 38 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 44 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 50 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 56 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 62 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 68 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 74 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 80 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 86 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 92 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 98 Chapter 4 of +2-B – USHA Publication 12 Class

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

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Question 110 Chapter 4 of +2-B – USHA Publication 12 Class

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Question 116 Chapter 4 of +2-B – USHA Publication 12 Class

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### Download a PDF of Chapter No. 14 – Accounting Ratios:

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## 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)

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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

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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

2. Advanced Accountancy Part 1 Class 12 by Unimax Publication

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