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Question 94 Chapter 4 of +2-B
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Table of Contents
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: –
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(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 |
Also, Check out the solved question of previous Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I (Introduction)
- Chapter No. 3 – Partnership Accounts – II (Goodwill: Nature and Valuation)
- Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)
- Chapter No. 5 – Partnership Accounts – IV (Admission of A Partner)
- Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Dissolution of Partnership Firm)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
- Chapter No. 4 – Ratio Analysis
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication
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