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Question 28 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
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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. |
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Accounting Ratios – Meaning and Definition
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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
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