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Question 98 Chapter 4 of +2-B
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Table of Contents
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: –
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| (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
- 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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