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

Q-121- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

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 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 II – Solution

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