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प्रश्न
From the following data, calculate the Inventory Turnover Ratio:
Total Sales ₹ 10,00,000; Sales Return ₹ 1,00,000; Gross Profit ₹ 1,80,000; Closing Inventory ₹ 2,00,000; Excess of Closing Inventory over Opening Inventory ₹ 40,000.
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उत्तर
Calculation of Net Sales (Revenue from Operations):
\[\text{Net Sales} = \text{Total Sales} - \text{Sales Return}\]
$$\text{Net Sales} = ₹ 10,00,000 - ₹ 1,00,000$$
$${\text{Net Sales} = ₹ 9,00,000}$$
Calculation of Cost of Revenue from Operations:
$$\text{Cost of Revenue from Operations} = \text{Net Sales} - \text{Gross Profit}$$
$$\text{Cost of Revenue from Operations} = ₹ 9,00,000 - ₹ 1,80,000$$
$${\text{Cost of Revenue from Operations} = ₹ 7,20,000}$$
Calculation of Opening Inventory:
We are given that Closing Inventory is ₹ 40,000 more than Opening Inventory:
$$\text{Closing Inventory} = \text{Opening Inventory} + ₹ 40,000$$
$$₹ 2,00,000 = \text{Opening Inventory} + ₹ 40,000$$
$$\text{Opening Inventory} = ₹ 2,00,000 - ₹ 40,000$$
$${\text{Opening Inventory} = ₹ 1,60,000}$$
Calculation of Average Inventory:
$$\text{Average Inventory} = \frac{\text{Opening Inventory} + \text{Closing Inventory}}{2}$$
$$\text{Average Inventory} = \frac{1,60,000 + 2,00,000}{2}$$
$$\text{Average Inventory} = \frac{3,60,000}{2}$$
$${\text{Average Inventory} = ₹ 1,80,000}$$
Calculation of Inventory Turnover Ratio:
$$\text{Inventory Turnover Ratio} = \frac{\text{Cost of Revenue from Operations}}{\text{Average Inventory}}$$
$$\text{Inventory Turnover Ratio} = \frac{7,20,000}{1,80,000} = 4$$
Inventory Turnover Ratio = 4 Times
