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CBSE Class 12-commerce Answered

1. From the following calculate gross profit ratio, current ratio, quick ratio.                                                  Revenue from operation                                     Rs.3,00,000 Cost of revenue from operation                        Rs.2,00,000 Net profit                                                                Rs.30,000 Current asset                                                          Rs.60,000 Inventory                                                                 Rs.10,000 Current liabilities                                                    Rs.20,000 Share capital                                                            Rs.50,000 Debenture                                                                Rs.25,000  
Asked by ryan.giggs.0007 | 15 Jan, 2020, 11:24: PM
answered-by-expert Expert Answer
1. Gross space Profit space Ratio space equals space fraction numerator Gross space Profit over denominator Revenue space from space Operations end fraction cross times space 100 space equals space fraction numerator 1 comma 00 comma 000 over denominator 3 comma 00 comma 000 end fraction cross times 100 space equals space 33.33 percent sign space space space space space space Gross space Profit space equals space Revenue space from space Operations space minus space Cost space of space Revenue space from space Operations space space space space space space space space space space space space space space space space space space space space space space space equals space 3 comma 00 comma 000 space minus space 2 comma 00 comma 000 space equals space 1 comma 00 comma 000 2. space Current space Ratio space equals space fraction numerator Current space Assets over denominator Current space Liabilities end fraction equals fraction numerator 60 comma 000 over denominator 20 comma 000 end fraction equals space 3 colon 1 3. space Quick space Ratio space equals fraction numerator Quick space Assets over denominator Current space Liabilities end fraction equals fraction numerator Current space Assets space minus space Inventories over denominator Current space Liabilities end fraction equals fraction numerator 60 comma 000 minus 10 comma 000 over denominator 20 comma 000 end fraction space equals space 2.5 colon 1
Answered by Surabhi Gawade | 16 Jan, 2020, 04:39: PM

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CBSE 12-commerce - Accountancy
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