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

Question 98 Chapter 4 of +2-B

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 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 98 Chapter 4 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements

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