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Opening inventorey Rs 29000, closing inv...

Opening inventorey Rs 29000, closing inventory Rs 31000, Revenue from operations (Net sales) Rs 300000, gross profit 25% on cost. Calculate inventory tuyrnover ratio.

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Inventory Turnover Ratio =`("Cost of Revenue from operations")/("Average Inventory") =(Rs 240000)/(Rs 30000)=8 Times`
Calculation of cost of revenue from operations (cost of goods sold)be Rs 100
Gross profit=Rs 25
Revenue from operations =Rs 100 + Rs25=Rs125
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TS GREWAL-ACCOUNTING RATIOS -Exercise
  1. Opening inventorey Rs 29000, closing inventory Rs 31000, Revenue from ...

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  2. From the following compute curent ratio:

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  3. calculate current ratio from the following information:

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  4. Current ratio is 2.5 working capital is Rs 150000. calculate the amoun...

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  5. Working capital is Rs 900000, Trade payables Rs 90000, and other curre...

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  6. Working capital Rs 180000, total debts Rs 390000, long term debts Rs 3...

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  7. Current assets are Rs 750000 and working capital is Rs 250000. calcula...

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  8. Trade payables rs 50000 working capital Rs 900000, current liabilities...

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  9. A company had current assets of Rs 450000 and current liabilites of Rs...

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  10. Current liabilites of a company were Rs 175000 and its current ratio w...

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  11. Ratio of current assets (Rs 300000) to current liabilities (Rs 200000)...

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  12. Ratio of currents assets (Rs 275000) to curent liabilites (Rs 350000) ...

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  13. A firm had curent assets of Rs 500000.It paid current liabilities of R...

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  14. state giving reason whether the current ratio will improve or decline ...

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  15. state giving reasons which of the following transactions would improve...

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  16. From the following information calcualte liquid ratio:

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  17. Quick assets Rs 150000, inventroy (stock) Rs 40000, prepaid Expaneses ...

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  18. Current assets Rs 300000, inventories Rs 600000, working capital Rs 25...

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  19. Woking capital Rs 360000, total debts Rs 780000, long term debts s 600...

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  20. Current liablities of a company are Rs 600000. Its current ratio is 3:...

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  21. X ltd has a current ratio fo 3.5 :1 and quick ratio of 2:1 if the inve...

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