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Question 63 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
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Table of Contents
63. With the help of information given below calculate (1) Opening ratio, (2) Current ratio, (3) Stock turnover ratio, (4) Debt-equity ratio:
| Particulars | ₹ |
| Equity share capital | 5,00,000 |
| 9% preference share capital | 4,00,000 |
| 12% debentures | 2,40,000 |
| General reserve | 40,000 |
| Sales | 8,00,000 |
| Opening stock | 48,000 |
| Purchases | 5,00,000 |
| Wages | 30,000 |
| Closing stocks | 52,000 |
| Selling and distribution expenses | 6,000 |
| Other current assets | 2,00,000 |
| Current liabilities | 1,50,000 |
The solution of Question 63 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –
| (I) C.O.G.S | = | opening stock + net purchases + direct expenses – closing stocks |
| = | 48,000 + 5,00,000 + 30,000 – 52,000 | |
| = | 5,26,000 | |
| Operating cost | = | C.O.G.S. + operating expenses |
| = | 5,26,000 + 6,000 | |
| = | 5,32,000 |
| Operating ratio | = | Operating cost | X | 100 |
| Net sales |
| = | 5,32,000 | X | 100 | |
| 8,00,000 | ||||
| = | 66.5% Ans. |
| (ii) Current Ratio | = | Current assets |
| Current liabilities |
| = | 52,000 +2,00,000 | |
| 1,50,000 |
| = | 2,52,000 | |
| 1,50,000 | ||
| = | 1.68 : 1 Ans. |
| (iii) Average stock | = | Opening stock + Closing stock |
| 2 |
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| = | 48,000 +52,000 | |
| 2 |
| = | 1,00,000 |
| 2 |
| = | ₹ 50,000 |
Stock turnover ratio | = | C.O.G.S |
| Average stock |
| = | 5,26,000 |
| 50,000 | ||
| = | 10.52 times Ans. |
(iv) Debt equity ratio | = | long term debts |
| shareholders funds |
| = | 2,40,000 |
| 5,00,000 +4,00,000 + 40,000 |
| = | 2,40,000 |
| 9,40,000 | ||
| = | 0.255 : 1 Ans. |
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Accounting Ratios – Meaning and Definition
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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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