Q. 61 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 61 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
Calculate Inventory Turnover Ratio from the following:
| ₹ | |
| Cash Revenue from Operations (Cash Sales) | 6,00,000 |
| Credit Revenue from Operations (Credit Sales) | 4,00,000 |
| Gross Profit | 25% on Cost |
| Closing Inventory | 3 times of Opening Inventory |
| Opening Inventory | 10% of Cost of Revenue from Operations |
[Ans. Inventory Turnover Ratio : 5 times.]
Solution:-
