Question 121 Chapter 4 of +2-B
Table of Contents
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 |
| Average Inventory | ||
| = | ₹ 1,20,000 | |
| ₹ 30,000 | ||
| = | 4 times |
|
(c) Operating Ratio |
= | Operating Cost | ||
| Net Sales | ||||
| = | ₹ 1,36,000 | x | 100 | |
| ₹ 1,50,000 | ||||
| = | 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 |
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
