Q. 87 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 87 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
Calculate Fixed Assets Turnover Ratio from the following information:
| ₹ | |
| Land & Building | 12,00,000 |
| Vehicles | 4,00,000 |
| Goodwill | 2,00,000 |
| Cash & Cash Equivalents | 2,00,000 |
| Average Inventory | 12,00,000 |
| Inventory Turnover Ratio | 6 Times |
| Gross Profit | 20% |
[Ans. Fixed Assets Turnover Ratio = 5 Times]
Hints: (I) Cash & Cash Equivalents will be ignored.
(ii) Gross Profit will be considered as 20% on Sales.
Solution:-
