Question 61 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
61. From the information given below, calculate (1) Gross profit ratio, (2) Working capital turnover ratio, (3) Debt-Equity ratio, (4) Proprietary ratio.
|
Particulars |
₹ |
| Net sales | 5,00,000 |
| Cost of goods sold | 3,00,000 |
| Current assets | 2,00,000 |
| Current liabilities | 1,40,000 |
| Paid up share capital | 2,50,000 |
| 13% debentures | 1,10,000 |
The solution of Question 61 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –
| (I) G.P | = | Net sales – C.O.G.S |
| = | 5,00,000 – 3,00,000 | |
| = | ₹2,00,000 |
| G.P. Ratio | = | G.P. | X | 100 |
| Net Sales |
| = | 2,00,000 | X | 100 | |
| 5,00,000 | ||||
| = | 40% Ans. |
| (ii) working capital | = | current assets – current liabilities |
| = | 2,00,000 -1,40,000 | |
| = | ₹ 60,000 |
| Working capital turnover ratio | = | Net sales |
| Average W.C |
| = | 5,00,000 | |
| 60,000 | ||
| = | 8.33 times Ans. |
|
(iii) Debt – Equity Ratio |
= | Long Term debts |
| Shareholder’ s Fund |
| = | 1,10,000 | |
| 2,50,000 | ||
| = | 0.44 Ans. |
| (iv) Total assets | = | Total liabilities |
| Total assets | = | 1,40,000 + 2,50,000 + 1,10,000 |
| = | 5,00,000 |
| Proprietory Ratio | = | Shareholder’ s Fund | x | 100 |
| Total assets |
| = | 2,50,000 | x | 100 | |
| 5,00,000 | ||||
| = | 50 % Ans. |
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Accounting Ratios – Meaning and Definition
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
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