Home
Class 12
ACCOUNTS
From the following information , clacula...

From the following information , claculate invoentorey trunover ratio:
Net sal,es Rs 400000, Average inventory Rs 55000, Gross Lposs on sales is 10%

Text Solution

Verified by Experts

Inventory Turnover Ratio =`("cost of Revenue from operations")/("Average Inventory")=(Rs 440000)/(Rs 55000)=8 Times`
Promotional Banner

Topper's Solved these Questions

  • ACCOUNTING RATIOS

    TS GREWAL|Exercise Evaluation Questions|13 Videos
  • ACCOUNTING RATIOS

    TS GREWAL|Exercise Exercise|147 Videos
  • ACCOUNTING FOR PARTNERSHIP FIRMS-FUNDAMENTALS

    TS GREWAL|Exercise EVALUATION QUESTION :QUESTIONSWITHMISSINGVALUES|3 Videos
  • Admission of a Partner

    TS GREWAL|Exercise EXERCISE|107 Videos

Similar Questions

Explore conceptually related problems

From the following information ,calculate inventroy Turnover ratio:,Rs Revenue from operations,1600000 Average inventory ,220000 Gross loss ratio 5%.

From the following information, calcualte inventroy turnover Ratio: Total sales Rs 220000, Sales Return Rs 20000, Gross Profit Rs 50,000, Closing inventory Rs 60000, Excess of closing inventory over opening inventory Rs 20000.

From the following data , calculate inventroy turnover ratio: Total sales Rs 500000,sales returnRs 50000, gross profit Rs 90000, closing inventroy Rs 100000, excess of closing inventroy over opening inventory Rs 20000.

From the following details, calculate trade receivables trunover ratio:,Rs

From the following information calculate inventroy turnove ratio: Credit revenue from operations Rs 300000, cash revenue form operations Rs 100000, gorss profit 25% of cost closing inventroy was 3 tiomes the opening inventory . Opening inventroy was 10% cost of revenue form operations.

From the following information, calculate inventory turnover ratio: {:(,,,Rs.),("Revenue from operations",,=,4_(,)00_(,)000),("Average Inventory",,=,55_(,)000),("Gross Profit Ratio",,=,10%):}

From the following information ,calcualte inventory turnover ratio, operating ratio and working capital turnover ratio: openning inventory Rs 28000, closing inventory Rs 22000, purchases Rs 46000, Revenue from operation, i.e net sales Rs 80000, Return Rs 10000 carriage invwards Rs 4000, office expenses Rs 4000, selling and distribution expenses Rs 2000, woking capital Rs 40000.

TS GREWAL-ACCOUNTING RATIOS -Exercise
  1. From the following information , claculate invoentorey trunover ratio:...

    Text Solution

    |

  2. From the following compute curent ratio:

    Text Solution

    |

  3. calculate current ratio from the following information:

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

  16. From the following information calcualte liquid ratio:

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |