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VDO+ Tag:Question 114 Chapter 14 of Class 12 Part – 2 – 2024
Miscellaneous (Analytical Questions)
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Video Tag:114. (GP Ratio/Inventory T/O Ratio/Trade Receivable T/O Ratio/Net Profit Ratio) The following information is given about a company :
| ₹ | |
| Sales (Revenue from Operation) | 1,50,000 |
| Gross profit | 30,000 |
| Cost of goods sold (i.e. Cost of Revenue from Operations) | 1,20,000 |
| Opening Inventory | 29,000 |
| Closing Inventory | 31,000 |
| Trade Receivable | 16,000 |
| Net profit | 14,0000 |
| Net fixed assets | 1,10,000 |
From the above information, calculate the following ratios : (i) Gross profit ratio. (ii) Inventory turnover ratio. (iii) Trade Receivable turnover ratio. (iv) Net profit ratio.
The solution of Question 114 Chapter 14 of Class 12 Part – 2 – 2024: –
| (i) Inventory Turnover Ratio | = | Cost of goods sold |
| Average Inventory | ||
| = | ₹ 1,20,000 | |
| ₹ 30,000 | ||
| = | 4 times |
| (ii) Gross Profit Ratio | = | Gross Profit | X | 100 |
| Net Sales | ||||
| = | ₹ 30,000 | X | 100 | |
| ₹ 1,50,000 | ||||
| = | 20% |
| (iii) Trade Receivables Turnover Ratio | = | Net Sales |
| Average Trade Receivable | ||
| = | ₹ 1,50,000 | |
| ₹ 16,000 | ||
| = | 9.375 times |
| (iv) Net Profit Ratio | = | Net Profit | X | 100 |
| Net Sales | ||||
| = | ₹ 14,000 | X | 100 | |
| ₹ 1,50,000 | ||||
| = | 9.33% |
Working Notes :-
| Average Inventory | = | Opening Inventory + Closing Inventory |
| 2 | ||
| = | ₹ 29,000 + ₹ 31,000 | |
| 2 | ||
| = | ₹ 30,000 |
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Chapter-Wise Solution of Usha Publication Accountancy – Part 2 Class 12 – Session 2024-25 as per the PSEB curriculum
Check out Solutions to all questions of the every chapter shown as under. The Solution of Accountancy – Part 2 Class 12 – Session 2024-25 is provided as per the new book published by Usha Publication.
Chapter No. 8 – Company Accounts (Share Capital)
Chapter No. 9 – Company Accounts (Issue of Debentures)
Chapter No. 10 – Company Accounts (Redemption of Debentures)
Chapter No. 11 – Financial Statements of a Company
Chapter No. 12 – Financial Statement Analysis
Chapter No. 13 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 14 – Ratio Analysis
Chapter No. 15 – Cash Flow Statement
Also, Check out our Comprehensive Chapter-wise solution of Advanced Accountancy Part 2 Class 12 by Unimax Publication
- Chapter No. 1 – Company Accounts (Share Capital)
- Chapter No. 2 – Issue of Debentures
- Chapter No. 3 – Redemption of Debentures
- Chapter No. 4 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 5 -Financial Statement Analysis
- Chapter No. 6 – Tools/Methods of Financial Analysis
- Chapter No. 7 – Ratio Analysis
- Chapter No. 8 – Cash Flow Statement
Check out Part 1 of both books.
In Class 12th the accountancy has 2 books i.e. Part 1 and Part 2. The Books related to the Part 1 are shown above. but If you want to know more about Part 1, you can check it out from the following links. We have provided the links to both books i.e. Accountancy Part 1 by Usha Publication and Advanced Accountancy Part 2 by Unimax Publication.
1. Accountancy – Part 1 Class 12 – Session 2024-25 By Usha Publication
2. Advanced Accountancy Part 1 Class 12 by Unimax Publication