# Question 75 Chapter 4 of +2-B – USHA Publication 12 Class

Q-75- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 75 Chapter 4 of +2-B

75. (GP Ratio/Operating NP Ratio/NP Ratio) From the following income statement of Modi Chemicals, compute (a) Gross profit ratio (b) Operating net profit ratio and (c) Net profit ratio. Ignore taxation.

 Statement of Profit And Loss Particulars Amount ₹ Revenue from Operations (Sales) 8,43,500 Add Other Income Profit on Sale of Car 20,000 Interest on Investment 40,000 60,000 Total Revenue 9,03,500 Less : Expenses Purchases 4,65,000 Changes in Inventories (Opening Inventory — Closing Inventory) (₹ 30,500 – ₹ 55,000) -24,500 Depreciation 16,000 Factory Expenses 1,43,000 Office Expenses 50,000 Selling Expenses 30,000 Distribution Expenses 20,000 Provision for Doubtful Debts 4,000 Interest on Debenture 14,000 Loss of Cash by Theft 6,000 7,23,500 Net Profit 1,80,000

## The solution of Question 75 Chapter 4 of +2-B: –

 (a) Operating Profit Ratio = ₹ 2,60,000 X 100 ₹ 8,43,500 = 30.82% (b) Net Profit Ratio = ₹ 1,40,000 X 100 ₹ 8,43,500 = 16.60% (c) Operating Ratio = ₹ 1,80,000 X 100 ₹ 8,43,500 = 21.34%
 Cost of goods sold = Opening Stock + Purchases + Factory Expenses – Closing Stock = ₹ 30,500 + ₹ 4,65,000 + ₹ 1,43,000 – ₹ 55,000 = ₹ 5,83,500 Operating Net profit = Net profit + Non operating expenses* – Non-operating incomes** = ₹ 1,80,000 + 20,000 – ₹ 40,000 = ₹ 1,40,000 Gross Profit = Sales – Cost of goods sold = ₹ 8,43,500 – ₹ 5,83,500 = ₹ 2,60,000

 *Non operating expenses = Loss of Cash by Theft + Interest on Debentures = ₹ 6,000 + ₹ 14,000 = ₹ 20,000 **Non operating incomes = Profit on sale of Car + Interest on Investment = ₹ 20,000 + ₹ 40,000 = ₹ 60,000

End of Solution

## Check Out the Solution of all questions of this chapter:

The solution to all questions of Chapter No. 14 – Accounting Ratios Class 12 Usha Publication – 2024 is shown as follows, click on the image of the question to get the solution.

Question 06 Chapter 4 of +2-B – USHA Publication 12 Class

Question 12 Chapter 4 of +2-B – USHA Publication 12 Class

Question 18 Chapter 4 of +2-B – USHA Publication 12 Class

Question 24 Chapter 4 of +2-B – USHA Publication 12 Class

Question 30 Chapter 4 of +2-B – USHA Publication 12 Class

Question 35 Chapter 4 of +2-B – USHA Publication 12 Class

Question 41 Chapter 4 of +2-B – USHA Publication 12 Class

Question 47 Chapter 4 of +2-B – USHA Publication 12 Class

Question 53 Chapter 4 of +2-B – USHA Publication 12 Class

Question 59 Chapter 4 of +2-B – USHA Publication 12 Class

Question 65 Chapter 4 of +2-B – USHA Publication 12 Class

Question 71 Chapter 4 of +2-B – USHA Publication 12 Class

Question 77 Chapter 4 of +2-B – USHA Publication 12 Class

Question 83 Chapter 4 of +2-B – USHA Publication 12 Class

Question 89 Chapter 4 of +2-B – USHA Publication 12 Class

Question 95 Chapter 4 of +2-B – USHA Publication 12 Class

Question 101 Chapter 4 of +2-B – USHA Publication 12 Class

Question 107 Chapter 4 of +2-B – USHA Publication 12 Class

Question 113 Chapter 4 of +2-B – USHA Publication 12 Class

Question 119 Chapter 4 of +2-B – USHA Publication 12 Class

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## Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum

Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.

Chapter No. 8 – Company Accounts (Share Capital)

Chapter No. 9 – Company Accounts (Issue of Debentures)

Chapter No. 10 – Company Accounts (Redemption of Debentures)

Chapter No. 11 – Financial Statements of a Company

Chapter No. 12 – Financial Statement Analysis

Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size

Chapter No. 14 – Accounting Ratios

Chapter No. 15 – Cash Flow Statement

## Check out Part 1 of both books.

In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.

1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication