Question 49 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
49. From the following particulars, you are required to calculate (1) Current ratio, (2) Gross profit ratio, (3) Net profit ratio:
| Particulars | (₹) |
| Stock | 50,000 |
| Debtors | 40,000 |
| Bills receivable | 10,000 |
| Advance paid | 4,000 |
| Cash in hand | 30,000 |
| Net profit | 30,000 |
| Creditors | 60,000 |
| Bills payable | 40,000 |
| Bank overdraft | 4,000 |
| Sales (net) | 7,00,000 |
| Gross profit | 50,000 |
The solution of Question 49 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –
|
(I) current ratio |
= | Current assets |
| Current liabilities |
|
|
= | 50,000+40,000+10,000+4,000+30,000 |
| 60,000+40,000+4,000 |
|
|
= | 1,34,000 |
| 1,04,000 |
| = | 1.288 :1 Ans. |
| (ii) G.P. Ratio | = | G.P. | X | 100 |
| Net Sales |
| = | 50,000 | X | 100 | |
| 7,00,000 | ||||
| = | 7.14% Ans. |
| (iii)N.P. Ratio | = | N.P. | X | 100 |
| Net sales |
| = | 30,000 | X | 100 | |
| 7,00,000 | ||||
| = | 4.285 % Ans. |
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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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