Q. 56 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 56 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
Calculate Inventory Turnover Ratio for the year 2022-23 and 2023-24 from the following information:
| 2022-23 | 2023-24 | |
| Inventory on 31st March | 11,00,000 | 15,00,000 |
| Revenue from Operations (Gross Profit is 20% on cost of revenue from Operations) | 75,00,000 | 93,60,000 |
In the year 2022-23 inventory decreased by ₹ 3,00,000.
[Ans. Inventory Turnover Ratio for 2022-23 : 5 times, for 2023-24 : 6 times]
Solution:-
