Name two ratios to assess the profitability of a business in terms of sales. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Gross Profit Ratio; (ii) Net Profit Ratio. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhat is meant by Profitability Ratios? Next PostWhat is G.P. Ratio? You Might Also Like X, Y and Z are partners sharing profits in the ratio of 5 : 3 : 7. X retired from the firm. Y and Z decided to share future profits in the ratio of 2 : 3. The adjusted Capital Accounts of Y and Z showed balance of Rs. 49,500 and Rs. 1,05,750 respectively. The total amount to be paid to X is Rs. 1,35,750. This amount is to be paid by Y and Z in a manner that their capitals become proportionate to their new profit-sharing ratio. Calculate the amount to be brought in or to be paid to partners. August 4, 2022 What is meant by ‘Gaining Ratio’ on retirement of a partner? (C.B.S.E. 2019) October 8, 2022 From the following, calculate Gross Profit Ratio:Gross Profit: Rs. 50,000; Revenue from Operations Rs. 5,00,000; Sales Return: Rs. 50,000. August 16, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
X, Y and Z are partners sharing profits in the ratio of 5 : 3 : 7. X retired from the firm. Y and Z decided to share future profits in the ratio of 2 : 3. The adjusted Capital Accounts of Y and Z showed balance of Rs. 49,500 and Rs. 1,05,750 respectively. The total amount to be paid to X is Rs. 1,35,750. This amount is to be paid by Y and Z in a manner that their capitals become proportionate to their new profit-sharing ratio. Calculate the amount to be brought in or to be paid to partners. August 4, 2022
From the following, calculate Gross Profit Ratio:Gross Profit: Rs. 50,000; Revenue from Operations Rs. 5,00,000; Sales Return: Rs. 50,000. August 16, 2022
