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Opening Inventory Rs. 1,00,000, Closing ...

Opening Inventory Rs. 1,00,000, Closing Inventory Rs. 1,20,000, Purchases Rs. 20,00,000, Wages Rs. 2,40,000, Carriage Inwards Rs. 1,50,000, Selling Exp. Rs. 60,000, Revenue from Operations is Rs. 30,00,000. Gross Profit ratio will be :

A

`29%`

B

`26%`

C

`19%`

D

`21%`

Text Solution

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The correct Answer is:
D
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(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.

Cost of Revenue from Operations is Rs. 1,50,000. Operating expenses are Rs. 60,000. Revenue from Operations is Rs. 2,50,000. Calculate Operating Ratio.

Knowledge Check

  • Opening Inventory Rs. 1,00,000, Closing Inventory Rs. 1,50,000, Purchases Rs. 6,00,000, Carriage Rs. 25,000. Wages Rs. 2,00,000. Inventory Turnover Ratio will be:

    A
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    B
    7.4 Times
    C
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    D
    6.2 Times

  • If Revenue from Operations is Rs 1,60,000 and Gross Profit is Rs 40,000 Profit Ratio will be

    A
    0.3
    B
    0.25
    C
    0.4
    D
    0.5

  • Current Assets Rs. 5,00,000, Current Liabilities Rs. 1,00,000, Revenue from Operations Rs. 28,00,000. Working Capital turnover Ratio will be:

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    B
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    C
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    D
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