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Calculate trade payables trunover ratio ...

Calculate trade payables trunover ratio from the following information:
opening creditors Rs 125000, opening bills payables rs 10000, closing creditors Rs 90000, closing bills payables rs 5000, purchases Rs 950000, cash pruchaes Rs 100000, purchases returns Rs 45000.

Answer

Step by step text solution for Calculate trade payables trunover ratio from the following information: opening creditors Rs 125000, opening bills payables rs 10000, closing creditors Rs 90000, closing bills payables rs 5000, purchases Rs 950000, cash pruchaes Rs 100000, purchases returns Rs 45000. by ACCOUNTS experts to help you in doubts & scoring excellent marks in Class 12 exams.

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Opening sundry creditors Rs 80000, opening bills payable Rs 3000 closing sundry creditors Rs 100000, closing bills payable Rs 17000, purchases Rs 140000, cash purchases Rs 500000, Purchases return Rs 100000. Calculate Trade payables trunover ratio.

Knowledge Check

  • Credit Purchases Rs. 6,00,000, Trade Payables Turnover Ratio 5, Calculate closing creditors, if closing creditors are Rs. 10,000 less than opening creditors.

    A
    Rs. 1,15,000
    B
    Rs. 1,25,000
    C
    Rs. 1,30,000
    D
    Rs. 1,10,000

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    Calculate the amount of Total Purchases from the following information: Opening Creditors Rs. 30,000, Closing Creditors Rs. 50,000, Cash paid to Creditors during the year Rs. 60,000, Cash Purchases Rs. 20,000.

    Calculate inventory Turnover Ratio from the following information: opening inventory is Rs 50000, purchases Rs 390000, Revenue form operations i.e net sales Rs 600000, Grofss profit ratio 30%

    Calculate trade payables turnover ratio for the year 2018-19 in each of the alternative cases: case 1: closing trade payables Rs 45000, net purchases Rs 360000, purchases return Rs 60000, cash purchases Rs 90000 case 2: opening trade payables Rs 15000, closing trde payables Rs 45000, net purchaeses Rs 360000 Case 3: closing trade payables Rs 45000, net purchases Rs 360000. case 4: closing trade payables (including Rs 250000 due to a supplier of machinery)Rs 55000, net credit puchases Rs 360000.

    Calcualte Gross Profit ratio from the following information: Cash sales are 25% of Total sales , purchases Rs 690000, credit sales Rs 6000000, Excess of closing inventory over opening inventory Rs 50000.

    (a) The net profit after interest and tax of a company was Rs. 1,20,000, Rate of income tax is 40%. The company has 10% Debentures of Rs. 1,00,000. Calculate Interest Coverage Ratio. (b) From the following information related to a company, calculate Interest Coverage Ratio: Opening inventory Rs. 20,00,000, Closing inventory Rs. 22,000, Purchases Rs. 80,000, Wages Rs. 9,000, Carriage outwards Rs. 2,000, Returns outward Rs. 1,000, Revenue from Operations Rs. 80,000, Carriage inwards Rs. 4,000, Rent Rs. 5,000.

    Calculate closing stock and cost of goods sold: Opening Stock Rs 5,000, Sales Rs 16,000, Carriage Inwards Rs 1,000. Sales Return Rs 1,000, Gross Profit Rs 6,000, Pruchases Rs 10,000, Purchases Return Rs 900.

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