Q. 63 DK Goel Accounting Ratios Solutions Class 12 CBSE (2024-25)
the solutions of Question number 63 of Accounting Ratios chapter 5 of DK Goel Class 12 CBSE (2024-25)
| ₹ | |
| Cash Revenue from Operations (Cash Sales) | 1,00,000 |
| Credit Revenue from Operations (Credit Sales) | 5,00,000 |
| Gross Profit | 1,20,000 |
| Inventory Turnover Ratio | 4 times |
Calculate the value of Opening and Closing Inventory in each of the following alternative cases:
Case I. If closing inventory was ₹ 1,00,000 in excess of opening inventory.
Case II. If closing inventory was 2 times that in the beginning.
Case III If closing inventory was 2 times more than that in the beginning.
Case (IV) If Closing inventory was 3 times that in the beginning.
Ans.
| Opening Inventory (₹) | Closing Inventory (₹) | |
| Case I | 70,000 | 1,70,000 |
| Case II | 80,000 | 1,60,000 |
| Case III | 60,000 | 1,80,000 |
| Case IV | 60,000 | 1,80,000 |
Solution:-
