Q. 58 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 58 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
From the following information, calculate Inventory Turnover Ratio:
Purchases ₹ 10,00,000; Revenue from Operations (Sales) ₹ 12,00,000; Direct Expenses ₹ 48,000; Gross Profit Ratio 15% on Revenue from Operations; closing Inventory ₹ 1,64,000.
[Ans. Opening Inventory ₹ 1,36,000; Inventory Turnover Ratio 6.8 times]
Solution:-
