# Question 113 Chapter 4 of +2-B – USHA Publication 12 Class Q-113- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

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: –