ONE PIECE EDUCATIONS…

TIME ALLOWED:1/2 hr MAX MARKS:17

1. A company earns a gross profit of 20% on cost. Its credit sales are twice its cash sales. It the
credit sales are Rs.4,00,000, calculate the gross profit ratio of the company. (4)
2. Calculate the Debtor Turnover Ratio from the following data:
Opening Debtors Rs.30,000, Cash received from the debtors Rs.2,10,000, closing Debtors
Rs45,000, sales returns Rs.15,000. (4)
3. Opening Stock Rs.29,000; closing Stock Rs.31,000; Sales Rs.3,00,000; Gross profit 25% on cost.
Calculate inventory turnover ratio. (4)
4. Following information is provided to you:
Share Capital Rs80,000; General Reserve Rs.40,000; 15% Loan Rs.50,000; sales for the year
Rs.1,00,000; Tax Paid during the year Rs20,000; Profit after interest and tax Rs.40,000; Total
Assets Rs.2,00,000; Working capital Rs.50,000.
From the above information, calculate following three ratios: (a) Debt Equity Ratio; (b) Working
Capital Turnover Ratio; and (c) Total assets to Debt Ratio. (5)

Goodluck…..!!!!