Q. 88 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 88 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
Following information is related to X Ltd.:
| ₹ | |
| Gross Profit | 8,80,000 |
| Ratio of Gross Profit on Sales | 20% |
| Plant & Machinery | 6,00,000 |
| Office Equipment | 1,30,000 |
| Trade Receivables | 2,00,000 |
| Goodwill | 50,000 |
| Trade Marks | 20,000 |
Calculate Fixed Assets Turnover Ratio.
[Ans. Fixed Assets Turnover Ratio = 5.5 Times.]
Solution:-
