Home
Class 12
ACCOUNTS
Opening Inventory Rs. 40,000, Purchase R...

Opening Inventory Rs. 40,000, Purchase Rs. 4,00,000, Purchase Return Rs. 12,000, what will be Inventory turnover ratio if Closing inventory is less than Opening Inventory by Rs. 8,000?

A

9 Times

B

10.78 Times

C

11 Times

D

8.82 Times

Text Solution

Verified by Experts

The correct Answer is:
C
Promotional Banner

Topper's Solved these Questions

  • ACCOUNTING RATIOS

    DK GOEL|Exercise Multiple Choice Questions (Profitability Ratios)|13 Videos

  • ACCOUNTING RATIOS

    DK GOEL|Exercise Multiple Choice Questions (Solvency Ratios)|19 Videos

  • ACCOUNTING FOR PARTNERSHIP FIRMS - FUNDAMENTALS

    DK GOEL|Exercise Multiple Choice Questions (viii) Guarantee of Profit to a Partner (HOTS)|13 Videos

  • ACCOUNTING TREATMENT OF GOODWILL

    DK GOEL|Exercise ILLUSTRATION 6.|1 Videos

Similar Questions

Explore conceptually related problems

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.

DK GOEL-ACCOUNTING RATIOS-Multiple Choice Questions (Activity Ratios)
  1. Average Inventory Rs. 60,000, Inventory Rs. Turnover Ratio 8, Gross ...

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

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

    Text Solution

    |

  20. On the basis of following data, the Working Capital Turnover Ratio of ...

    Text Solution

    |