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प्रश्न
Compute Inventory Turnover Ratio from the following:
| ₹ | |
| Cost of Revenue from Operations (Cost of Goods Sold) | 5,60,000 |
| Purchases | 4,40,000 |
| Wages | 1,30,000 |
| Carriage Inwards | 15,000 |
| Opening Inventory | 75,000 |
संख्यात्मक
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उत्तर
Inventory Turnover Ratio = `"Cost of Revenue from Operations"/"Average Inventory"`
Cost of Revenue from Operations = Opening Inventory + Purchases + Direct Expenses − Closing Inventory
₹ 5,60,000 = Opening Inventory + Purchases + (Wages + Carriage Inwards) − Closing Inventory
₹ 5,60,000 = ₹ 75,000 + ₹ 4,40,000 + ₹ 1,30,000 + ₹ 15,000 − Closing Inventory
₹ 5,60,000 = ₹ 6,60,000 − Closing Inventory
Closing Inventory = ₹ 6,60,000 − ₹ 5,60,000
= ₹ 1,00,000
Average Inventory = `("Opening Inventory + Closing Inventory")/2`
= `(₹ 75,000 + ₹ 1,00,000)/2`
= `(₹ 1,75,000)/2`
= ₹ 87,500
Inventory Turnover Ratio = `(₹ 5,60,000)/(₹ 87,500)`
= 6.4 times
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