Q. 161 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 161 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
From the following details, calculate Inventory Turnover Ratio:
| ₹ | |
| Annual Revenue from Operations | 2,00,000 |
| Gross Profit Rate | 25% on revenue from operations |
| Inventory: Opening Closing | 38,500 41,500 |
[Ans. Inventory Turnover Ratio 3.75 Times.]
Solution:-
Hint:-
Gross Profit = ₹ 2,00,000 x 25/100
