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

Question 113 Chapter 4 of +2-B

Table of Contents

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

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

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

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
(i) Current Ratio	=	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