Question 94 Chapter 4 of +2-B
Miscellaneous (Analytical Questions)
94. (Current Ratio/Acid Test Ratio/Operating Ratio/GP Ratio) Calculate the following ratios, from the details given as under :
(i) Current ratio (ii) Acid test ratio
(iii) Operating ratio (iv) Gross profit ratio
₹ | |
Liquid assets | 40,000 |
Current liabilities | 20,000 |
Inventory | 10,000 |
Sales (Revenue from Operation) | 50,000 |
Operating expenses | 15,000 |
Cost of goods sold (i.e. Cost of Revenue from Operation) | 20,000 |
The solution of Question 94 Chapter 4 of +2-B: –
(i) Current Ratio | = | Current Assets |
Current Liabilities | ||
= | ||
= | ₹ 50,000 | |
₹ 20,000 | ||
= | 2.5: 1 |
(ii) Acid Test Ratio | = | Liquid Assets |
Current Liabilities | ||
= | ||
= | ₹ 40,000 | |
₹ 20,000 | ||
= | 2: 1 |
(iii) Operating Ratio | = | Operating Cost | X | 100 |
Sales | ||||
= | ||||
= | ₹ 35,000 | X | 100 | |
₹ 70,000 | ||||
= | 70% |
(iv) Gross Profit Ratio | = | Gross Profit | X | 100 |
Sales | ||||
= | ||||
= | ₹ 30,000 | X | 100 | |
₹ 50,000 | ||||
= | 60% |
Current Assets | = | Liquid Assets + Stock |
= | ₹ 40,000 + ₹ 10,000 | |
= | ₹ 50,000 | |
Current Liabilities | = | ₹ 20,000 |
Operating Cost | = | Cost of goods sold + Operating Expenses |
= | ₹ 20,000 + ₹ 15,000 | |
= | ₹ 35,000 | |
Gross Profit | = | Sales – Cost of goods sold |
= | ₹ 50,000 – ₹ 20,000 | |
= | ₹ 30,000 |
End of Solution
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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.
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Question 10 Chapter 4 of +2-B – USHA Publication 12 Class
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Question 20 Chapter 4 of +2-B – USHA Publication 12 Class
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Question 59 Chapter 4 of +2-B – USHA Publication 12 Class
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Question 69 Chapter 4 of +2-B – USHA Publication 12 Class
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Question 79 Chapter 4 of +2-B – USHA Publication 12 Class
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Question 89 Chapter 4 of +2-B – USHA Publication 12 Class
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Question 99 Chapter 4 of +2-B – USHA Publication 12 Class
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Question 109 Chapter 4 of +2-B – USHA Publication 12 Class
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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)
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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
Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – 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
2. Advanced Accountancy Part 1 Class 12 by Unimax Publication
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