Question 61 Chapter 4 of +2-B
Table of Contents
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 Profit | 3,00,000 |
| Capital employed | 6,00,000 |
| Total Assets | 7,00,000 |
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 | = | 5 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
- 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 (Reconstitution of Partnership)
- 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)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
