Question 42 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
42. From the following calculate working capital turnover ratio:
| Particulars | ₹ |
| Current assets | 1,80,000 |
| Current liabilities | 50,000 |
| Credit sale | 2,50,000 |
| Cash sales | 4,50,000 |
| Sales return | 50,000 |
The solution of Question 42 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –
| Net sales | = | cash sales + credit sales – returns |
| = | 4,50,000 + 2,50,000 – 50,000 | |
| Net sales | = | 6,50,000 |
| Working capital | = | current assets – current liabilities |
| Working capital | = | 1,80,000 – 50,000 |
| Working capital | = | 1,30,000 |
|
Working capital turnover ratio |
= | Net Sales |
| working capital |
| = | 6,50,000 | |
| 1,30,000 | ||
| Working capital turnover ratio | = | 5 : 1 or 5 times. |
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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
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