Question 111 Chapter 4 of +2-B

Question 111 Chapter 4 of +2-B

Miscellaneous (Analytical Questions)

111. (GP Ratio/NP Ratio/Current Ratio) From the following data, calculate the following Ratios :
(i) Gross profit ratio
(ii) Net profit ratio
(iii) Current ratio
Net sales (Revenue from Operation) ₹ 30,000, cost of sales (i.e. Cost of Revenue from Operation) ₹ 20,000, net profit ₹ 3,000, current assets ₹ 6,000, inventory ₹ 1,000, current liabilities ₹ 2,000, paid up share capital ₹ 5,000, debentures ₹ 2,500.

 

The solution of Question 111 Chapter 4 of +2-B: – 

 

(i) Gross Profit Ratio

=Gross ProfitX100
Net Sales
     
 =₹ 10,000X100
 ₹ 30,000
 =

33.33%

  

 

(ii) Net Profit Ratio=Net ProfitX100
Net Sales
     
 =₹ 3,000X100
 ₹ 30,000
 =

10%

  
(iii) Current Ratio=Current Assets
Current Liabilities
   
 =₹ 6,000
 ₹ 2,000
 =3: 1


Working Notes :

Gross Profit=Net Sales – Cost of goods sold
 =₹ 30,000 – ₹ 20,000
 =₹ 10,000



Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 111 Chapter 4 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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