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

Question 113 Chapter 4 of +2-B

Question 113 Chapter 4 of +2-B

Miscellaneous (Analytical Questions)

113. (Current Ratio/NP Ratio/GP Ratio) From the following particulars, you are required to compute (i) Current Ratio (ii) Net Profit Ratio and (iii) Gross Profit Ratio.
Stock ₹ 50,000, Trade Receivable ₹ 50,000, Advances paid ₹ 4,000, Cash in hand ₹ 30,000 Trade Payable ₹ 1,00,000 Bank Overdraft ₹ 4,000, Net. Sales (Revenue from Opera ₹ 7,00,000. Gross Profit ₹ 50,000, Net Profit ₹ 30,000.

The solution of Question 113 Chapter 4 of +2-B: – 

 

(i) Current Ratio = Current Assets
Current Liabilities
     
  = ₹ 1,34,000
  ₹ 1,04,000
  = 1.23: 1

(ii) Net Profit Ratio

= Net Profit X 100
Net Sales
         
  = ₹ 30,000 X 100
  ₹ 7,00,000
  = 4.28%    

(iii) Gross Profit Ratio

= Gross Profit X 100
Net Sales
         
  = ₹ 50,000 X 100
  ₹ 7,00,000
  = 7.14%    


Working Notes :

Current Assets = Stock + Trade Receivable + Advance Paid + Cash
  = ₹ 50,000 + ₹ 50,000 + ₹ 4,000 + ₹ 30,000
  = ₹ 1,34,000
Current Labilities = Trade Payable + Bank Overdraft
  = ₹ 10,000 + ₹ 4,000
  = ₹ 1,04,000



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 113 Chapter 4 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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