[ISC] Q. 117,118,119,120 Ratio Analysis TS Grewal Solution Class 12 (2026-27)
Solution of Question number 117, 118, 119, 120 of the Ratio Analysis of TS Grewal Book 2026-27 session ISC Board?
Q. 117. Credit Revenue from Operations of M.S. Limited during the year was ₹ 1,80,000. If Trade Receivables Turnover Ratio is 4 times. Calculate Trade Receivables in the beginning and at the end of the year. You are informed that Closing Trade Receivables are two time in comparison to Opening Trade Receivables.
Solution:-
Q. 118. Opening Inventory ₹ 76,250; Closing Inventory ₹ 98,500; Sales ₹ 5,20,000; Sales Return ₹ 20,000 Purchases ₹ 3,22,250. Calculate Inventory Turnover Ratio.
Solution:-
Q. 119. From the following details, Calculate value of the Opening Inventory:
Closing Inventory = ₹ 68,000
Total Sales = ₹ 4,80,000 (including cash sales ₹ 1,20,000)
Total Purchases = ₹ 3,60,000 (including credit purchases ₹ 2,39,200)
Goods are sold at a profit of 25% on cost.
Solution:-
Q. 120. From the following information, determine the Opening and Closing Inventories:
Inventory Turnover Ratio 5 Times; Total Sales ₹ 2,00,000; Rate of Gross Profit on Sales 25%. Closing Inventory is more by ₹ 4,000 than the Opening Inventory.
Solution:-
