Q. 199 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 199 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
From the following informations, calculate the Inventory Turnover Ratio and the Gross Profit Ratio:-
| ₹ | |
| Opening inventory | 18,000 |
| Closing inventory | 22,000 |
| Purchases | 46,000 |
| Wages | 14,000 |
| Revenue from Operations | 80,000 |
| Carriage Inwards | 4,000 |
[Ans. Inventory Turnover Ratio 3 Times; G.P Ratio 25%.]
Solution:-
