Chapter - 12 (Question - 49 Accounting Ratio)

Question - 49

(A) Calculate gross profit ratio in each of the following cases:

1. Net sales Rs. 4,20,000, Gross profit Rs. 1,05,000.
2. Cash sales Rs. 2,75,000, Credit sales Rs. 6,50,000, sales return Rs. 25,000, Cost of sales Rs. 7,20,000.
3. Opening stock Rs. 24,000, Closing stock Rs. 30,000, Purchase Rs. 1,50,000, Purchase returns Rs. 5,000, Wages Rs. 45,000, Cash sales Rs. 85,000, Credit sales Rs. 1,60,000, Sales return Rs. 15,000.
4. Average stock Rs. 40,000, Stock turnover ratio 6 times selling price @ 25% above cost.

(B) From the following details calculate gross profit :

Average stock Rs. 50,000, Stock turnover ratio 5 times, Sales is 25% of cost added.

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