Q. 175 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)

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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.

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