Question 111 Chapter 4 of +2-B
Table of Contents
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 Profit | X | 100 |
| Net Sales | ||||
| = | ₹ 10,000 | X | 100 | |
| ₹ 30,000 | ||||
| = |
33.33% |
| (ii) Net Profit Ratio | = | Net Profit | X | 100 |
| Net Sales | ||||
| = | ₹ 3,000 | X | 100 | |
| ₹ 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
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
