[DK Goel] Q. 65,66,67,68 Accounting Ratios Solutions Class 12 CBSE (2026-27)

the solutions of Question number 65, 66, 67, 68 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2026-27)

Q. 65.

	₹
Cash Revenue from Operations (Cash Sales)	1,00,000
Credit Revenue from Operations (Credit Sales)	5,00,000
Gross Profit	1,20,000
Inventory Turnover Ratio	4 times

Calculate the value of Opening and Closing Inventory in each of the following alternative cases:

Case I. If closing inventory was ₹ 1,00,000 in excess of opening inventory.

Case II. If closing inventory was 2 times that in the beginning.

Case III If closing inventory was 2 times more than that in the beginning.

Case (IV) If Closing inventory was 3 times that in the beginning.

Solution:-

	Opening Inventory (₹)	Closing Inventory (₹)
Case I	70,000	1,70,000
Case II	80,000	1,60,000
Case III	60,000	1,80,000
Case IV	60,000	1,80,000

Solution:-

Q. 66.

	₹
Cost of Revenue from Operations	7,20,000
Inventory Turnover Ratio	4 Times

Find out the value of opening inventory and closing inventory if closing inventory is 80% of opening inventory.

[Ans. Opening Inventory ₹ 2,00,0000; Closing Inventory ₹ 1,60,000.]

Solution:-

Q. 67(A). ₹ 3,00,000 is the cost of Revenue from Operations (Cost of Goods Sold), Inventory turnover 8 times; Inventory at the beginning is 2 times more than the inventory at the end. Calculate the values of Opening & Closing inventories.

[Ans. Opening Inventory ₹ 56,250; Closing Inventory ₹ 18,750.]

Solution:-

Q. 67(B). ₹ 1,50,000 is the cost of Revenue from Operations (Cost of Goods Sold), Inventory turnover 8 times; Inventory at the beginning is 1.5 times more than the inventory at the end. Calculate the values of Opening & Closing inventories.

[Ans. Opening Inventory ₹ 26,786; Closing Inventory ₹ 10,714]

Solution:-

Q. 68. Average Inventory carried by a trader is ₹ 60,000; Inventory turnover ratio is 10 times. Goods are sold at a profit of 10% on cost. Find out the profit.

[Ans. Profit ₹ 60,000.]

Solution:-