[DK Goel] Q. 173,174,175,176 Accounting Ratios Solutions Class 12 CBSE (2026-27)

the solutions of Question number 173, 174, 175, 176 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2026-27)

Q. 173. From the following data, Calculate Inventory Turnover Ratio:-

Total Revenue from Operations (Total Sales) ₹ 4,00,000; Revenue from Operations Returns (Sales Returns) ₹ 34,000; Gross Profit ₹ 80,000; Closing Inventory ₹ 52,000; Excess of Closing Inventory over Opening Inventory ₹ 16,000.

[Ans. Inventory Turnover Ratio 6.5 times.]

Solution:-

Hint: Opening Inventory ₹ 36,000.

Find Out the value of opening inventory from the following particulars:-

	₹
Total Revenue from Operations	₹ 2,00,000
Inventory Turnover Ratio	5 Times
Gross Profit	25% on Revenue from Operatoins

Q. 174. You are informed that closing inventory is ₹ 8,000 more than the opening inventory.

[Ans. Value of Opening inventory ₹ 26,000.]

Solution:-

Q. 175. From the following details, calculate (i) Opening Inventory; (ii) Closing Inventory; Inventory Turnover Ratio 6 times; Gross Profit 20% on Revenue from Operations; Revenue from Operations ₹ 1,80,000; Closing Inventory is ₹ 15,000 in excess of Opening Inventory.

[Ans. Opening Inventory ₹ 16,500; Closing Inventory ₹ 31,500]

Solution:-

Q. 176. ₹ 6,30,000 is the cost of revenue from Operations of a firm for the year ending 31st March 2023. If inventory turnover ratio is 7 times, calculate inventory at the end of the year. Inventory at the end is twice than that in the beginning.

[Ans. Inventory at the end ₹ 1,20,000.]

Solution:-