Calculate following ratios on the basis of the following information: (i) Gross Profit Ratio; (ii) Current Ratio; (iii) Acid Test Ratio; and (iv) Inventory Turnover Ratio.
Calculate following ratios on the basis of the following information:
(i) Gross Profit Ratio; (ii) Current Ratio; (iii) Acid Test Ratio; and (iv) Inventory Turnover Ratio.
[Ans.: (i) Gross Profit Ratio = 50%; (ii) Current Ratio = 1.5 : 1; (iii) Liquid Ratio = 1.125 : 1; and (iv) Inventory Turnover Ratio = 3.33 Times.]
| Gross Profit | ₹ 50,000 |
| Inventory | ₹ 15,000 |
| Cash and Cash Equivalents | ₹ 17,500 |
| Revenue from Operations | ₹ 1,00,000 |
| Trade Receivables | ₹ 27,500 |
| Current Liabilities | ₹ 40,000 |
Anurag Pathak Changed status to publish August 15, 2023
