[CBSE] Q. 142,143,144,145 Solution of Accounting Ratios TS Grewal Class 12 (2026-27)
Solution of Question 142, 143, 144, 145 Accounting Ratios of TS Grewal Book 2026-27 session CBSE Board
Calculate Gross Profit Ratio from the following data:
Q. 142. Average Inventory ₹ 3,20,000; Inventory Turnover Ratio 8 Times; Average Trade Receivables ₹ 4,00,000; Trade Receivables Turnover Ratio 6 Times; Cash Sales 25% of Net Sales.
[Ans.: Gross Profit Ratio = 20%.]
Solution:-
Q. 143. (i) Revenue from Operations: Cash Sales ₹ 4,20,000; Credit Sales ₹ 6,00,000; Return ₹ 20,000. Cost of Revenue from Operations or Cost of Goods sold ₹ 8,00,000. Calculate Gross Profit Ratio.
(ii) Average Inventory ₹ 1,60,000; Inventory Turnover Ratio 6 Times; Selling Price 25% above cost. Calculate Gross Profit Ratio.
(iii) Opening Inventory ₹ 1,00,000; Closing Inventory ₹ 60,000; Inventory Turnover Ratio 8 Times; Selling Price 25% above cost. Calculate Gross Profit Ratio.
[Ans.: (i) Gross Profit Ratio = 20%; (ii) Gross Profit Ratio = 20%; (iii) Gross Profit Ratio = 20%.]
Solution:-
Q. 144. Gross Profit Ratio of a company is 25%. State, giving reason, which of the following transactions will (a) increase or (b) decrease or (c) not alter the Gross Profit Ratio:
(i) Purchases of Stock-in-Trade ₹ 50,000.
(ii) Purchases Return ₹ 15,000.
(iii) Cash sale of Stock-in-Trade ₹ 40,000.
(iv) Stock-in-Trade costing ₹ 20,000 withdrawn for personal use.
(v) Stock-in-Trade costing ₹ 15,000 distributed as free sample.
[Ans.: (i)-(v), No Change.]
Solution:-
(i) Purchases of Stock-in-Trade ₹ 50,000.
No change
Both purchases and closing inventory will increase by ₹ 50,000; therefore, cost of revenue from operations will not be affected. So, gross Profit Ratio will remain same.
(ii) Purchases Return ₹ 15,000.
No Change
Both Purchases and closing inventory will decrease by ₹ 15,000; therefore, cost of revenue from operations will not be affected. So, Gross Profit Ratio will remain same.
(iii) Cash sale of Stock-in-Trade ₹ 40,000.
No Change
Revenue from operations will increase by ₹ 40,000 and Gross Profit will increase by 10,000 (40,000 x 25%), Therefore, both revenue from Operations and gross profit will increase by 25%. So, Gross Profit Ratio will remain same.
(iv) Stock-in-Trade costing ₹ 20,000 withdrawn for personal use.
No Change
Both Purchases and closing inventory will decrease by ₹ 20,000; therefore, cost of revenue from operations will not be affected. So, Gross Profit Ratio will remain same.
(v) Stock-in-Trade costing ₹ 15,000 distributed as free sample.
No Change
Both Purchases and Closing inventory will decrease by ₹ 15,000; therefore, cost of revenue from operations will not be affected. So, gross Profit ratio will remain same.
Q. 145. Revenue from Operations ₹ 12,00,000; Cost of Revenue from Operations ₹ 5,00,000. Operating Cost ₹ 6,00,000. Calculate Operating Ratio.
[Ans.: Operating Ratio = 50%.]
Solution:-
