Q. 57 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 57 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
Compute Inventory Turnover Ratio from the following:
| ₹ | |
| Cost of Revenue from Operations (Cost of Goods Sold) | 5,60,000 |
| Purchases | 4,40,000 |
| Wages | 1,30,000 |
| Carriage Inwards | 15,000 |
| Opening Inventory | 75,000 |
[Ans. Closing Inventory ₹ 1,00,000; Inventory Turnover Ratio 6.4 times.]
Hint: Wages and Carriage Inwards are direct expenses. Hence, these will be included in cost of revenue from operations.
Solution:-
