Question 121 Chapter 4 of +2-B - USHA Publication 12 Class

Question 121 Chapter 4 of +2-B

Miscellaneous (Analytical Questions)

121. (GP Ratio/Inventory T/0 Ratio/Operating Ratio) From the details given below, calculate the following ratios:
(a) Gross Profit Ratio (b) Inventory Turnover Ratio (c) Operating Ratio

	₹
Sales (Revenue from Operation)	1,50,000
Cost of Goods Sold (i.e. Cost of Revenue from Operation)	1,20,000
Opening Inventory	29,000
Closing Inventory	31,000
Trade Receivable	16,000
Operating Expenses	16,000
Net Fixed Assets	1,10,000

The solution of Question 121 Chapter 4 of +2-B: –

(a) Gross Profit Ratio	=	Gross Profit	X	100
		Net Sales

	=	₹ 30,000	X	100
		₹ 1,50,000
	=	20%

(b) Stock Turnover Ratio	=	Cost of goods sold
(b) Stock Turnover Ratio	=	Average Inventory

	=	₹ 1,20,000
	=	₹ 30,000
	=	4 times

(c) Operating Ratio	=	Operating Cost
(c) Operating Ratio	=	Net Sales

	=	₹ 1,36,000	x	100
	=	₹ 1,50,000	x	100
	=	90.66%

Working Notes :-

Gross Profit	=	Sales – Cost of goods sold
	=	₹ 1,50,000 + ₹ 1,20,000
	=	₹ 30,000
Average Stock	=	Opening Inventory + Closing Inventory
	=	₹ 29,000 + ₹ 31,000
	=	2
	=	₹ 30,000
Operating Cost	=	Cost of goods sold + Operating expenses
	=	₹ 1,20,000 + ₹ 16,000
	=	₹ 1,36,000

End of Solution

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