Q. 55 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 55 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
Calculate Inventory Turnover Ratio from the following:
Opening Inventory ₹ 42,500; Closing Inventory ₹ 37,500; Revenue from Operations (Sales) ₹ 3,00,000; Gross Profit 20% on cost.
[Ans. Inventory Turnover Ratio 6.25 times.]
Solution:-
