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Question 59 Chapter 4 of +2-B – USHA Publication 12 Class

Question 59 Chapter 4 of +2-B
Q-59- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

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Question 59 Chapter 4 of +2-B

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Working Capital Turnover Ratio

59. (Working Capital T/O Ratio when GP on Sales is given) Calculate the working capital turnover Ratio from the following

 
Working capital  10,00,000
Cost of goods sold (i.e. Cost of Revenue from Operation)42,00,000
Gross profit on Sale 30%  

The solution of Question 59 Chapter 4 of +2-B: – 

   
Cost of sales=₹ 42,00,000
Working Capital=₹ 30,000
Gross profit on Sale=30%
Calculation of Net Sales  
Let assume sales=₹ 100
Less: Profit 30% on sale=₹ 30
When cost is ₹ 42,00,000 then sales=₹ 100X ₹42,00,000
₹ 70
     
 =₹ 60,00,000  
 =Net Sales
Working Capital Turnover RatioWorking Capital
   
Working Capital Turnover Ratio=₹ 60,00,000
₹ 10,00,000
   
 =6 times



Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

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Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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