Question 58 Chapter 7 -Unimax Publication Class 12 Part 2 – 2021

Question No -58 Chapter no - 7 Unimax Class - 12 Part -II

Question 58 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021

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

 = 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.

Comment if you have any Doubts.

Accounting Ratios – Meaning and Definition