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

Question 121 Chapter 4 of +2-B
Q-121- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 121 Chapter 4 of +2-B

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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 Expenses16,000
Net Fixed Assets1,10,000

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

(a) Gross Profit Ratio

=Gross ProfitX100
Net Sales
     
 =₹ 30,000X100
 ₹ 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  
     
 =₹ 1,36,000x100
 ₹ 1,50,000
 =90.66%  

Working Notes :-

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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

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

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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