Advertisement

Question 96 Chapter 4 of +2-B – USHA Publication 12 Class

Question 96 Chapter 4 of +2-B
Q-96- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

Advertisement

Question 96 Chapter 4 of +2-B

Advertisement

Miscellaneous (Analytical Questions)

96. (Operating Ratio/Quick Ratio/WC T/O Ratio) Calculate (a) Operating Ratio (b) Quick Ratio (c) Working Capital Turnover Ratio from the following information

  
Equity share capital1,00,000Purchases 1,20,000
8% Preference share capital 80,000Wages 8,000
9% Debentures 60,000Closing stock18,000
General Reserve 10,000Selling and distribution Expenses2,000
Sales (Revenue from Operation) 2,00,000Other current Assets50,000
Opening Inventory 12,000Current liabilities30,000

 

Advertisement-X

 

 

 

The solution of Question 96 Chapter 4 of +2-B: – 

 

(a) Operating Ratio=Operating CostX100
Net Sales
 =   
 =₹ 1,24,000X100
 ₹ 2,00,000
 =62%  

 

(b) Quick Ratio=Quick Assets
Current Liabilities
 = 
 =₹ 50,000
 ₹ 30,000
 =1.67: 1
(c) Working Capital Turnover Ratio=Sales
Working Capital
   
 =₹ 2,00,000
 ₹ 38,000
 =5.26 times

 

Operating Cost=Cost of goods sold + Operating Expenses
Cost of goods sold=Opening Stock + Purchases + Direct Expenses – Closing Stock
 =₹ 12,000 + ₹ 1,20,000 + ₹ 8,000 – ₹ 18,000
 =₹ 1,22,000
   
Operating Cost=₹ 1,22,000 + ₹ 2,000
 =₹ 1,24,000


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

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

Advertisement

Advertisement

error: Content is protected !!