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

Q-98- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

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 Average Stock = = ₹ 19,20,000 ₹ 8,00,000 = 2.4 times
 (d) Current Ratio = Current Assets 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

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

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

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