[DK Goel] Q. 57,58,59,60 Accounting Ratios Solutions Class 12 CBSE (2026-27)
the solutions of Question number 57, 58, 59, 60 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2026-27)
Q. 57. 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:-
Q. 58. 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:-
Q. 59. Compute Inventory Turnover Ratio from the following:
| ₹ | |
| Cost of Revenue from Operations (Cost of Goods Sold) | 5,60,000 |
| Purchases | 4,40,000 |
| Wages | 1,30,000 |
| Carriage Inwards | 15,000 |
| Opening Inventory | 75,000 |
[Ans. Closing Inventory ₹ 1,00,000; Inventory Turnover Ratio 6.4 times.]
Hint: Wages and Carriage Inwards are direct expenses. Hence, these will be included in cost of revenue from operations.
Solution:-
Q. 60. 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:-
