Q. 53 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 53 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
Calculate Inventory Turnover Ratio from the following:-
| ₹ | |
| Purchases | 3,46,000 |
| Returns Outwards | 10,000 |
| Carriage Inwards | 15,000 |
| Carriage Outwards | 20,000 |
| Wages | 25,000 |
| Salaries | 40,000 |
| Rent | 36,000 |
| Opening Inventory | 72,000 |
| Closing Inventory | 88,000 |
[Ans. Inventory Turnover Ratio 4.5 times]
Solution:-
