[DK Goel] Q. 177,178,179,180 Accounting Ratios Solutions Class 12 CBSE (2026-27)
the solutions of Question number 177, 178, 179, 180 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2026-27)
Q. 177. ₹ 1,50,000 is the cost of revenue from operations of a firm for the year ending 31st March 2023. If Inventory turnover ratio is 6 times, calculate inventory at the end of the year. Inventory at the end is 1.5 times than that in the beginning.
[Ans. Inventory at the end ₹ 30,000.]
Solution:-
Q. 178. Calculate Gross Profit Ratio from the following information:
| ₹ | |
| Inventory Turnover Ratio | 6 times |
| Average Inventory | 4,00,000 |
Goods are sold at a profit of 25% on cost.
[Ans. Revenue from Operations ₹ 30,00,000; G.P Ratio 20%.]
Solution:-
Q. 179. From the following information, calculate the value of opening and closing inventory:-
| ₹ | |
| Inventory Turnover Ratio | 4 times |
| Gross Profit | 20% on Revenue from Operations |
| Revenue from Operations | 10,00,000 |
| Opening Inventory is 25% of the inventory at the end. |
[Ans. Opening Inventory ₹ 80,000; Closing Inventory ₹ 3,20,000.]
Solution:-
Q. 180. Calculate current assets of a company from the following information:
(i) Inventory turnover 4 times.
(ii) Inventory in the end is ₹ 20,000 more than inventory in the beginning.
(iii) Revenue from Operations ₹ 3,00,000.
(iv) Gross Profit ratio 20%.
(v) Current Liabilities ₹ 40,000.
(vi) Quick ratio 0.75.
[Ans. Current Assets ₹ 1,00,000.]
Solution:-
Hint:- Closing Inventory ₹ 70,000.
