Nilay (CA Training as Article) (192 Points)
17 March 2010
· From the following information calculated the following Ratio
1. Stock Turnover Ratio
2. Operating Ratio
3. Net Profit Ratio
o Closing Stock is 50 % of the opening Stock
o Purchase are 8 times of the Opening Stock
o Sales are 15 times of the Opening Stock
o Adjusted Purchase 60 %
o Purchase Expenses Rs. 20,000
o Operating Expenses Rs. 60,000
o Taxation Rate is 50 %
Payal Gupta
(article assistant)
(176 Points)
Replied 06 April 2010
adj. purchases ki % of which plz specify
SACHIN KUMAR GARG
(Final Student)
(105 Points)
Replied 07 April 2010
what is adj. purchases??????? pls explain then i'll solve the question
Nilay
(CA Training as Article)
(192 Points)
Replied 08 April 2010
i don't know the same , thats why i have asked as it is current year T Y Bcom(S G U) paper
Please guide me
Payal Gupta
(article assistant)
(176 Points)
Replied 08 April 2010
STR is 20 times ( cogs/avg.stk) & is cogs is not given then can be taken on net sales & i take net sales while computing STR
ye to specify karo ki adj. purchases 60% on which item
Payal Gupta
(article assistant)
(176 Points)
Replied 14 April 2010
OK MEIN TOMMORROW ISKKA SOLUTION DETI HOO
Payal Gupta
(article assistant)
(176 Points)
Replied 15 April 2010
Adjusted purchase = op. stock + purchase – cl. Stock + direct expenses
Let op. stock = X
Cl. Stock = X/2
Purchase = 8X
Sale = 15X
Direct exp. (purchase exp) = 20000
Adjusted purchase = X +8X - X/2 + 20000 = 8.5X +20000
Or, 60% of 15X, i.e. 9X
è 9X = 8.5X +20000
X = 40000
Now come to question:
STR= COGS / average stock
= 360000/ 30000 = 12TIMES
OPERATING RATIO= COGS+OPERATING EXP/NET SALES* 100= 3,60,000+60,000/6,00,000*100 =70%
NP ratio = NP / Sales
NP= SALES-COGS-OPERATING EXP- TAX=6,00,000-3,60,000-60,000-90,000=90.000
NP RATIO= 90,000/6,00,000*100= 15%
AND SORRY PAHLE GALAT STR BATA DI THI
Nilay
(CA Training as Article)
(192 Points)
Replied 16 April 2010
Adjusted Purchase & COGS both are Same
CAclubindia
