Q. 162 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 162 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 Cost |
| Inventory: Opening Closing | 38,500 41,500 |
[Ans. Inventory Turnover Ratio 4 Times.]
Hint:
Gross Profit = ₹ 2,00,000 x 25/125
