Question 94 Chapter 4 of +2-B

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 assets40,000
Current liabilities20,000
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 CostX100
Sales
 =   
 =₹ 35,000X100
 ₹ 70,000
 =70%  
(iv) Gross Profit Ratio=Gross ProfitX100
Sales
 =   
 =₹ 30,000X100
 ₹ 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


Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 94 Chapter 4 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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