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A trading firm’s average inventory is Rs...

A trading firm’s average inventory is Rs. 20,000 (cost). If the inventory turnover ratio is 8 times and the firm sells goods at a profit of `20%` on sales, ascertain the profit of the firm.

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Profit Rs. 40,000
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A trader carries an average inventory of Rs. 40,000. His inventory turnover ratio is 8 times. If he sells goods at a profit of 20% on Revenue from operations, find out the gross profit.

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Calculate gross profit ratio form the following data : Average inventory Rs 160000, inventroy trunovr Ratio 8 times, Average trade reveivables Rs 200000, Trade receivables turnover ratio 6 times, cash sales 25% of net sales.

NCERT-ACCOUNTING RATIOS-Questions for practice (Numerical Questions)
  1. Current Ratio is 3.5 : 1. Working Capital is Rs. 90,000. Calculate the...

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  2. Shine Limited has a current ratio 4.5 : 1 and quick ratio 3 : 1, if th...

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  3. Current Liabilities of a company are Rs. 75,000. If current ratio is 4...

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  4. Handa Ltd. has inventory of Rs. 20,000. Total liquid assets are Rs. 1,...

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  5. Calculate debt-equity ratio from the following information: {:("Tot...

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  6. Calculate Current Ratio if: Inventory is Rs. 6,00,000, Liquid Assets R...

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  7. Compute Inventory Turnover Ratio from the following information: {:...

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  8. Calculate following ratios from the following information: (i) Curre...

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  9. From the following information calculate: (i) Gross Profit Ratio (ii...

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  10. Compute Gross Profit Ratio, Working Capital Turnover Ratio, Debt Equit...

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  11. Calculate Inventory Turnover Ratio if: Inventory in the beginning is...

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  12. Calculate Inventory Turnover Ratio from the data given below: {:("In...

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  13. A trading firm’s average inventory is Rs. 20,000 (cost). If the invent...

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  14. You are able to collect the following information about a company for ...

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  15. From the following Balance Sheet and other information, calculate foll...

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  16. From the following information, calculate the following ratios: i) L...

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  17. From the following, calculate (a) Debt-Equity Ratio (b) Total Assets t...

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  18. Cost of Revenue from Operations is Rs. 1,50,000. Operating expenses ar...

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  19. Calculate the following ratio on the basis of following information: ...

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  20. From the following information calculate Gross Profit Ratio, Inventory...

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