Question 64 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021
Table of Contents
64. With the help of information given below calculate (1) Opening ratio, (2) Current ratio, (3) Stock turnover ratio, (4) Proprietary ratio:
| Particulars | ₹ |
| Sales | 5,00,000 |
| Opening stock | 40,000 |
| purchases | 2,30,000 |
| Carriage inward | 10,000 |
| Closing stock | 60,000 |
| 9% preference share capital | 4,00,000 |
| Securities premium | 30,000 |
| General reserve | 10,000 |
| Other current assets | 1,10,000 |
| Current liabilities | 1,80,000 |
| Fixed assets | 3,50,000 |
| Operating expenses | 25,000 |
The solution of Question 64 Chapter 7 – Unimax Publication Class 12 Part 2-2021 : –
| (I) C.O.G.S | = | opening stock + net purchases + direct expenses – closing stocks |
| = | 40,000 + 2,30,000 + 10,000 – 60,000 | |
| = | 2,20,000 | |
| Operating cost | = | C.O.G.S. + operating expenses |
| = | 2,20,000 + 25,000 | |
| = | 2,42,000 |
| Operating ratio | = | Operating cost | X | 100 |
| Net sales |
| = | 2,45,000 | X | 100 | |
| 5,00,000 | ||||
| = | 49% Ans. |
| (ii) Quick Ratio | = | Quick assets |
| Current liabilities |
| = | 1,10,000 | |
| 1,80,000 | ||
| = | 0.611 : 1 Ans. |
| (iii) Average stock | = | Opening stock + Closing stock |
| 2 |
| = | 40,000 +60,000 | |
| 2 |
|
|
= | 1,00,000 |
| 2 |
| = | ₹ 50,000 | |
| C.O.G.S. | = | ₹ 2,20,000 |
|
Stock turnover ratio |
= | C.O.G.S |
| Average stock |
|
|
= | 2,20,000 |
| 50,000 | ||
|
|
= | 4.4 times Ans. |
| (iv) Total assets | = | fixed assets + total liabilities |
| = | 3,50,000 + 1,10,000 + 60,000 | |
| = | 5,20,000 | |
| Shareholders funds | = | preference capital + securities premium + general reserve |
| = | 4,00,000 + 30,000 + 10,000 | |
| = | 4,40,000 |
| = | Shareholders funds | X | 100 | |
| Total assets |
| = | 4,40,000 | X | 100 | |
| 5,20,000 | ||||
| = | 84.6 % 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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