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प्रश्न
Calculate Inventory Turnover Ratio from the following:
| ₹ | |
| Purchases | 3,46,000 |
| Returns Outwards | 10,000 |
| Carriage Inwards | 15,000 |
| Carriage Outwards | 20,000 |
| Wages | 25,000 |
| Salaries | 40,000 |
| Rent | 36,000 |
| Opening Inventory | 72,000 |
| Closing Inventory | 88,000 |
संख्यात्मक
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उत्तर
Inventory Turnover Ratio = `"Cost of Revenue from Operations"/"Average Inventory"`
Cost of Revenue from Operations = Opening Inventory + Net Purchases (i.e., Purchase − Returns Outwards) + Wages + Carriage Inwards − Closing Inventory
= ₹ 72,000 + ₹ 3,46,000 − ₹ 10,000 + ₹ 25,000 + ₹ 15,000 − ₹ 88,000
= ₹ 3,60,000
Average Inventory = `("Opening Inventory + Closing Inventory")/2`
= `(₹ 72,000 + ₹ 88,000)/2`
= `(₹ 1,60,000)/2`
= ₹ 80,000
Inventory Turnover Ratio = `(₹ 3,60,000)/(₹ 80,000)`
= 4.5 times
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