Question 113 Chapter 4 of +2-B
Table of Contents
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
- 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
