Question 61 Chapter 4 of +2-B

Question 61 Chapter 4 of +2-B

III. Activity Ratios

Working Capital Turnover Ratio

Current Asset T/O Ratio (Not for PSEB Students)
61. (Calculate Current Assets Turn Over Ratio) Calculate Current Assets Turnover ratio from the following:

 
Working capital  2,00,000
Cost of goods sold 12,00,000
Gross Profit3,00,000
Capital employed6,00,000
Total Assets7,00,000

 

The solution of Question 61 Chapter 4 of +2-B: – 

 

   
Fixed Assets Turnover Ratio=Net Sales
 Net Fixed Assets
Cost of sales=₹ 15,00,000*
₹ 3,00,000**
Gross profit on Sale=4 times
*Net sales=Cost of goods sold + Gross Profit
 =₹ 12,00,000 + ₹ 3,00,000
 =₹ 15,00,000
   
Net Fixed Assets=Capital employed – Working capital
 =₹ 6,00,000 – ₹ 2,00,000
 =₹ 4,00,000
**Current Assets=Total Assets – Net Fixed Assets
 =₹ 7,00,000 – ₹ 4,00,000
 =₹ 3,00,000



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

2 Book 3 min 225x300 - Question 61 Chapter 4 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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