Advertisement

Question 136 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 136 Chapter 4 of +2-B
Question No. 136- Chapter No.4 - T.S. Grewal +2 Book Part B

Advertisement

Question 136 Chapter 4 of +2-B

Advertisement

Miscellaneous

136. Calculate Operating Profit Ratio from the following information:
Calculate Inventory Turnover Ratio; Gross Profit Ratio; and Opening Ratio.

 Rs. Rs.
Revenue From Operations, i.e., Net Sales 1,50,000Opening Inventory29,000
Gross Profit30,000Closing Inventory31,000
Cost of Revenue From Operations (Cost of Goods Sold)1,20,000Debtors16,000

From the above information, calculate following ratios:
(i) Gross Profit Ratio,
(ii) Inventory Turnover Ratio, and
(iii) Trade Receivables Turnover Ratio.

 

Advertisement-X

The solution of Question 136 Chapter 4 of +2-B: –

I

Sales=Rs. 1,50,000
Gross Profit=Rs. 30,000

 

Gross Profit Ratio=Gross ProfitX100
Net Sales
Gross Profit Ratio=Rs 30,000X100
Rs 1,50,000
 =20%
  

II

Average Inventory=Opening Inventory + Closing Inventory
2
 =Rs. 29,000 +Rs 31,000
2
 =Rs. 30,000
Average Inventory Turnover Ratio=Cost of Goods Sold
Average Inventory

Advertisement-Y

 =Rs. 1,20,000
Rs. 30,000
 =4 Times

III

Trade Receivable Turnover Ratio=Net Credit Sales
Average Trade Receivable
Trade Receivable Turnover Ratio=Rs 1,50,000
Rs 16,000
 =9.4 Times



 

Balance Sheet: Meaning, Format & Examples

Advertisement-X

Thanks, Please Like and share with your friends  

Comment if you have any question.

Also, Check out the solved question of previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

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

Advertisement

Advertisement

Advertisement

error: Content is protected !!