12th Class Accountancy Accounting Ratios Question Bank Case Based - Accounting Ratios

  • question_answer
    You are required to answer the following questions from the above information 41 to 44. From is the information of ''GAGAN LTD''.
    Particulars 2019 2020
    Working capital Turnover ratio 4 times 6 times
    Trade payables 30,000 50,000
    Bank overdraft 40,000 25,000
    Outstanding Expenses 10,000 25,000
    Revenue From operations 16.00.000 18.00,000
    Gross Profit % 25% on cost 20% on sales
    Credit Purchases 1,00,000 1,20,000
    Cash Purchases 45,000 55,000
    Calculate amount of working Capital of the 2019?

    A) Rs.4,00,000

    B) Rs.3,00,000

    C) Rs.2,45,000

    D) Rs.1,00,000

    Correct Answer: A

    Solution :

    Rs.4,00,000


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