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प्रश्न
Calculate Inventory Turnover Ratio from the following:
| ₹ | |
| Cash Revenue from Operations (Cash Sales) | 6,00,000 |
| Credit Revenue from Operations (Credit Sales) | 4,00,000 |
| Gross Profit | 25% on Cost |
Closing Inventory: 3 times of Opening Inventory.
Opening Inventory: 10% of Cost of Revenue from Operations.
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उत्तर
Inventory Turnover Ratio = `"Cost of Revenue from Operations"/"Average Inventory"`
Revenue from Operations = Cash Sales + Credit Sales
= ₹ 6,00,000 + ₹ 4,00,000
= ₹ 10,00,000
Gross Profit = 25% on cost
Let the Cost of Goods Sold be x.
Gross Profit = Revenue from Operations − Cost of Goods Sold
25% of x = ₹ 10,00,000 − x
`25/100 x + x` = ₹ 10,00,000
`125/100 x` = ₹ 10,00,000
x (Cost of Goods Sold) = ₹ 10,00,000 × `100/125`
= ₹ 8,00,000
Opening Inventory = 10% of Cost of Revenue from Operations
= `10/100 xx ₹ 8,00,000`
= ₹ 80,000
Closing Inventory = ₹ 80,000 × 3
= ₹ 2,40,000
Average Inventory = `("Opening Inventory + Closing Inventory")/2`
= `(₹ 80,000 + ₹ 2,40,000)/2`
= ₹ 1,60,000
Inventory Turnover Ratio = `(₹ 8,00,000)/(₹ 1,60,000)`
= 5 times
