# Question 64 Chapter 7 -Unimax Publication Class 12 Part 2 – 2021

Question No -63 Chapter no - 7 Unimax Class - 12 Part -II

Question 64 Chapter 7 – Unimax Publication Class 12 Part 2 – 2021

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.

Comment if you have any Doubts.

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