Q. 54 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 54 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
From the following data, calculate ‘Inventory Turnover Ratio’ when gross profit ratio is given 20%:
| ₹ | |
| Cash Sales | 1,50,000 |
| Credit Sales | 2,50,000 |
| Return Inward | 25,000 |
| Opening Inventory | 25,000 |
| Closing Inventory | 35,000 |
[Ans. 10 Times]
Solution:-
