Question 28 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
28. From the following calculate stock turnover ratio:
| Particulars | ₹ |
| Opening stock | 29,000 |
| Closing stock | 31,000 |
| Sales | 3,00,000 |
| Gross profit ratio 25% on cost |
The solution of Question 28 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –
|
G.P. ratio |
= | G. P. | X | 100 |
| Net Sales | ||||
| 25 | = | G. P. | X | 100 |
| 3,00,000 |
| G.P. | = | 25 X 3,00,000 | ||
| 100 |
| = | ₹ 75,000 | |||
| C.O.G.S. | = | Net Sales- G.P. | ||
| = | 3,00,000 – 75,000 | |||
| = | 2,25,000 | |||
| Average stock | = | 29,000 + 31,000 | ||
| 2 | ||||
| = | ₹30,000 | |||
| Stock turnover ratio | = | C.O.G.S. | ||
| Average stock | ||||
| = | 2,25,000 | |||
| 30,000 | ||||
| = | 7 .5 : 1 Ans. |
Thanks, Please Like and share with your friends
Comment if you have any Doubts.
Accounting Ratios – Meaning and Definition
Unimax 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 (Change in Profit sharing ratio among Existing Partners )
- 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)
Unimax Publication – Accountancy PSEB (Class 12) – Part – II – Solution
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Company Accounts (Issue of Debentures)
- Chapter No. 3 – Company Accounts (Redemption of Debentures)
- Chapter No. 4 – Financial Statements of a Company
- Chapter No. 5 – Financial Statement Analysis
- Chapter No. 6 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2023@ Official Website of Sultan Chand Publication
Advertisement-X