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प्रश्न
Calculate Inventory Turnover Ratio from the following:
Opening Inventory ₹ 42,500 ; Closing Inventory ₹ 37,500 ; Revenue from Operations (Sales) ₹3,00,000 ; Gross Profit 20% on cost.
संख्यात्मक
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उत्तर
Inventory Turnover Ratio = `"Cost of Revenue from Operations"/"Average Inventory"`
Gross Profit is 20% on cost. Hence, goods costing ₹ 100 is sold for ₹ 120.
∴ If Revenue from Operations is ₹ 120, then cost is ₹ 100.
If Revenue from Operations is ₹ 3,00,000, then Cost = `100/120 xx 3,00,000`
= ₹ 2,50,000
Average Inventory = `("Opening Inventory + Closing Inventory")/2`
= `(₹ 42,500 + ₹ 37,500)/2`
= `(₹ 80,000)/2`
= ₹ 40,000
Inventory Turnover Ratio = `(₹ 2,50,000)/(₹ 40,000)`
= 6.25 times
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