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CUET Accountancy 2022 PYQs8 Aug Shift 2. Free, no login required.

Financial Statements

past year questions, CUET Accountancy 2022 8 Aug Shift 2

Ratios

past year questions, Financial Statements, CUET Accountancy 2022 8 Aug Shift 2

Medium

What is gross profit ratio?

Gross sales Rs. 7,60,000

Sales returns Rs. 40,000

Net Profit after interest Rs. 40,000

Indirect expenses Rs. 60,000

Interest paid on debentures Rs. 20,000

Solution

✅ Correct Option: 1

Net Sales = 7,60,000−40,000=7,20,0007{,}60{,}000 - 40{,}000 = 7{,}20{,}000.

Gross Profit = Net Profit after interest + Interest + Indirect Expenses = 40,000+20,000+60,000=1,20,00040{,}000 + 20{,}000 + 60{,}000 = 1{,}20{,}000.

Gross Profit Ratio = 1,20,0007,20,000×100=16.67%\frac{1{,}20{,}000}{7{,}20{,}000} \times 100 = 16.67\%.

Related questions:

2025: 13 May Shift 1

Match List-I with List-II

List-IList-II
(A) Liquidity Ratio(I) Inventory Turnover ratio
(B) Solvency Ratio(II) Quick Ratio
(C) Activity (or Turnover) Ratio(III) Price earning ratio
(D) Profitability Ratio(IV) Total asset to debt ratio

Choose the correct answer from the options given below:

2025: 26 May Shift 2

Revenue from operations = 4,00,000 Average Inventory = 55,000 Gross Profit Ratio = 10%. Calculate Inventory turnover ratio-

2025: 4 June Shift 2

Higher turnover ratio means:

2025: 14 May Shift 1

Which of the following statements are True about ratio analysis-

(A) A ratio reflects quantitative and qualitative aspects of results.

(B) Long-term borrowings are concerned about the ability of a firm to discharge its obligations to pay interest and repay the principal amount

(C) A ratio is always expressed as a quotient of one number divided by another.

(D) Ratios help in comparisons of a firm's results over a number of accounting periods as well as with other business enterprises.

Choose the correct answer from the options given below:

2025: 13 May Shift 2

Match List-I with List-II

List-IList-II
(A) Liquidity Ratios(I) Debt to Capital Employed Ratio
(B) Solvency Ratios(II) Net profit ratio
(C) Activity Ratios(III) Current Ratio
(D) Profitability Ratios(IV) Working capital Turnover Ratio

Choose the correct answer from the options given below:

2025: 15 May Shift 1

X Ltd. has a current ratio of 3:1 and quick ratio of 2:1. If excess of current assets over quick assets, represented by inventories is Rs. 5,000, calculate current assets and quick assets.

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