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Opening Inventory Rs. 75,000, Closing In...

Opening Inventory Rs. 75,000, Closing Inventory Rs. 1,05,000, Inventory Turnover Ratio 6, Gross Profit `20%` on cost, what will be Gross Profit?

A

Rs. 1,35,000

B

Rs. 1,08,000

C

Rs. 90,000

D

Rs. 18,000

Text Solution

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The correct Answer is:
B
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DK GOEL-ACCOUNTING RATIOS-Multiple Choice Questions (Activity Ratios)
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  2. Average Inventory Rs. 60,000, Inventory Rs. Turnover Ratio 8, Gross ...

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  3. Opening Inventory Rs. 75,000, Closing Inventory Rs. 1,05,000, Inventor...

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  4. Opening Inventory Rs. 40,000, Purchase Rs. 4,00,000, Purchase Return R...

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  5. The formula for calculating the Trade Receivables Turnover Ratio is :

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  6. Total revenue from operations Rs. 9,00,000, Cash revenue from operati...

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  7. Total revenue from operations Rs. 27,00,000, Credit revenue from opera...

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  8. Credit revenue from operations Rs. 24,00,000, Trade Receivables Turnov...

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  9. A firm makes credit revenue from operations of Rs. 2,40,000 during the...

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  10. Credit revenue from operations Rs. 3,00,000. Trade Receivables Tourno...

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  11. Credit revenue from operations Rs. 5,60,000, Debtors Rs. 70,000, B/R R...

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  12. Credit revenue from operations Rs. 6,00,000, Cash revenue from operat...

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  13. On the basis of following data, a Company's closing debtors will be: ...

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  14. Total credit revenue from operations of a firm is Rs. 5,40,000. Averag...

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  15. The formula for calculating Trade Payables Turnover Ratio is :

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  16. Credit Purchases Rs. 12,00,000, Opening Creditors Rs. 2,00,000, Closin...

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  17. Total Purchases Rs. 4,50,000, Cash Purchases Rs. 1,50,000, Creditors R...

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  18. Credit Purchases Rs. 6,00,000, Trade Payables Turnover Ratio 5, Calcul...

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  19. Credit Purchase Rs. 9,60,000, Cash Purchases Rs. 6,40,000, Creditors R...

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  20. Current Assets Rs. 5,00,000, Current Liabilities Rs. 1,00,000, Revenue...

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