Advertisement
Question 58 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Advertisement
Table of Contents
From the following information, calculate
(1) Gross Profit Ratio
(2) Stock Turnover Ratio
(3) Debtors Turnover Ratio
| Particulars | (₹) |
| sales | 1,50,000 |
| Cost of goods sold | 1,20,000 |
| Opening stock | 27,000 |
| Closing stock | 33,000 |
| Debtors | 14,000 |
| Bills receivable | 6,000 |
The solution of Question 58 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –
| (i) G.P | = | Net sales – C.O.G.S |
| = | 1,50,000 -1,20,000 | |
| = | ₹30,000 |
| G.P. Ratio | = | G.P. | X | 100 |
| Net Sales |
| = | 30,000 | X | 100 | |
| 1,50,000 | ||||
| = | 20% Ans. |
|
(ii) Average stock |
= | Opening stock+closing stock |
| 2 |
|
|
= | 27,000 +33,000 |
| 2 |
| = | 60,000 | = | 30,000 | |
| 2 |
|
Stock turnover ratio |
= | C.O.G.S |
| Average stock |
Advertisement-Y
|
|
= | 1,20,000 |
| 30,000 | ||
|
|
= | 4 times Ans. |
| (iii) Account Receivable | = | Debtors + B/R |
| = | 14,000 + 6,000 = 20,000 |
|
Debtors’ turnover ratio |
= | Net credit sales |
| Account Receivable |
|
|
= | 1,50,000 |
| 20,0000 | ||
|
|
= | 7.5 times Ans. |
Thanks, Please Like and share with your friends
Comment if you have any Doubts.
Accounting Ratios – Meaning and Definition
Advertisement-X
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
