Question 98 Chapter 4 of +2-B - USHA Publication 12 Class

Question 98 Chapter 4 of +2-B

Miscellaneous (Analytical Questions)

98. (GP Ratio/NP Ratio/Inventory T/0 Ratio/Current Ratio) From the following data, calculate :
(a) Gross profit. ratio ; (b) Net profit ratio ;
(c) Inventory turnover ratio : (d) Current ratio.

Particulars	₹	Particulars	₹
Sales (Revenue from Operation)	25,20,000	Fixed assets	14,40,000
Cost of sales (Cost of Revenue from Operation)	19,20,000	Net worth	15,00,000
Net profit	3,60,000	Debt (long term)	9,00,000
Average inventory	8,00,000	Current liabilities	6,00,000
Other current assets	7,60,000

The solution of Question 98 Chapter 4 of +2-B: –

(a) Gross Profit Ratio	=	Gross Profit	X	100
		Net Sales
	=
	=	₹ 6,00,000	X	100
		₹ 25,20,000
	=	23.81%

(b) Net Profit Ratio	=	Net Profit	X	100
		Net Sales
	=
	=	₹ 3,60,000	X	100
		₹ 25,20,000
	=	14.29%

(c) Inventory Turnover Ratio	=	Cost of Sales
(c) Inventory Turnover Ratio	=	Average Stock
	=
	=	₹ 19,20,000
	=	₹ 8,00,000
	=	2.4 times

(d) Current Ratio	=	Current Assets
(d) Current Ratio	=	Current Liabilities
	=
	=	₹ 15,60,000
	=	₹ 6,00,000
	=	2.6: 1

Gross Profit	=	Sales – Cost of sales
	=	₹ 25,20,000 – ₹ 19,20,000
	=	₹ 6,00,000
Sales	=	₹ 25,20,000
Current Assets	=	Average Inventory + Other current Assets
	=	₹ 8,00,000 + ₹ 7,60,000
	=	₹ 15,60,000
Current Liabilities	=	₹ 6,00,000

End of Solution

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