# Question 136 Chapter 4 of +2-B – T.S. Grewal 12 Class Question No. 136- Chapter No.4 - T.S. Grewal +2 Book Part B

Question 136 Chapter 4 of +2-B

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 1,50,000 Opening Inventory 29,000 Gross Profit 30,000 Closing Inventory 31,000 Cost of Revenue From Operations (Cost of Goods Sold) 1,20,000 Debtors 16,000

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

### 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 Profit X 100 Net Sales
 Gross Profit Ratio = Rs 30,000 X 100 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
 = Rs. 1,20,000 Rs. 30,000 = 4 Times

III

 Trade Receivable Turnover Ratio = Rs 1,50,000 Rs 16,000 = 9.4 Times

Balance Sheet: Meaning, Format & Examples

Comment if you have any question.

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