Question 94 Chapter 4 of +2-B - USHA Publication 12 Class

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
(i) Current Ratio	=	Current Liabilities
	=
	=	₹ 50,000
	=	₹ 20,000
	=	2.5: 1

(ii) Acid Test Ratio	=	Liquid Assets
(ii) Acid Test Ratio	=	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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