[DK Goel] Q. 69,70,71,72 Accounting Ratios Solutions Class 12 CBSE (2026-27)
the solutions of Question number 69, 70, 71, 72 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2026-27)
Q. 69. Determine the amount of Revenue from Operations from the following particulars:-
| Opening Inventory | ₹ 40,000 |
| Inventory Turnover Ratio | 6 Times |
Gross Profit 20% of Revenue from Operations (Sales)
You are informed that closing inventory is two times in comparison to opening inventory.
[Ans. Revenue from Operations ₹ 4,50,000.]
[Ans. Revenue from Operations ₹ 4,50,000.]
Solution:-
Q. 70. A Company had a liquid ratio of 1.6 : 1 and a current ratio of 2.4 : 1. Its inventory turnover ratio was 5 times. It had total current liabilities of ₹ 1,50,000.
Find out revenue from operations if the goods are sold at 40% profit on cost.
[Ans. Revenue from Operations ₹ 8,4,000.]
Solution:-
Q. 71. Calculate Current Assets and Quick Assets of a company from the following information :
Quick Ratio = 0.70 : 1
Inventory Turnover Ratio = 5 times
Inventory at the end was ₹20,000 more than inventory in the beginning
Gross Profit = ₹75,000
Current Liabilities = ₹80,000
Revenue from Operations = ₹4,00,000
[Ans.] Current Assets 1,31,000; Quick Assets *56,000.]
(C.B.S.E. 2025, Comptt.)
Solution:-
Q. 72. Calculate Inventory Turnover Ratio from the following:
Opening Inventory ₹ 20,000; Purchases ₹ 2,40,000 and Closing Inventory ₹ 60,000. State, giving reason, which of the following transactions will (a) increase (b) decrease or (c) not alter the inventory turnover ratio.
(i) Goods purchased for ₹ 40,000.
(ii) Sale of goods for ₹ 25,000 (Cost ₹ 30,000)
(iii) Decrease in the value of closing inventory by ₹ 20,000.
(iv) Increase in the value of closing inventory by ₹ 10,000.
(v) Goods costing ₹ 5,000 distributed as free samples.
[Ans. Inventory Turnover Ratio 5 times.]
Solution:-
