Q. 175 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 175 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
Calculate current assets of a company from the following information:
(i) Inventory turnover 4 times.
(ii) Inventory in the end is ₹ 20,000 more than inventory in the beginning.
(iii) Revenue from Operations ₹ 3,00,000.
(iv) Gross Profit ratio 20%.
(v) Current Liabilities ₹ 40,000.
(vi) Quick ratio 0.75.
[Ans. Current Assets ₹ 1,00,000.]
Solution:-
Hint:- Closing Inventory ₹ 70,000.