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प्रश्न
From the following details, calculate Inventory Turnover Ratio:
| Annual Revenue from Operations | ₹ 2,00,000 |
| Gross Profit Rate | 25% on revenue from operations |
| Inventory: Opening | ₹ 38,500 |
| Closing | ₹ 41,500 |
संख्यात्मक
बेरीज
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उत्तर
Gross Profit = Revenue from Operations − Cost of Revenue from Operations
`25/100 xx ₹ 2,00,000` = ₹ 2,00,000 − Cost of Revenue from Operations
Cost of Revenue from Operations = ₹ 2,00,000 − `25/100 xx ₹ 2,00,000`
= ₹ 2,00,000 − ₹ 50,000
= ₹ 1,50,000
Average Inventory = `("Opening Inventory + Closing Inventory")/2`
= `(₹ 38,500 + ₹ 41,500)/2`
= `(₹ 80,000)/2`
= ₹ 40,000
Inventory Turnover Ratio = `"Cost of Revenue from Operations"/"Average Inventory"`
= `(₹ 1,50,000)/(₹ 40,000)`
= 3.75 Times
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