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प्रश्न
Revenue from Operations ₹4,00,000; Gross Profit ₹1,00,000; Closing Inventory ₹1,20,000; Excess of Closing Inventory over Opening Inventory ₹40,000. Calculate Inventory Turnover Ratio.
बेरीज
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उत्तर
Sales = 4,00,000
Gross Profit = 1,00,000
Cost of Goods Sold = Sales − Gross Profit
= 4,00,000 − 1,00,000 = 3,00,000
Let Opening Inventory = x
Closing Inventory = x + 40,000
1,20,000 = x + 40,000
x= 80,000
Opening Inventory = 80,000
Average Inventory
= `("Opening Inventory + Closing Inventory")/2`
`= (80000 + 120000)/2 = 100000`
Inventory Turnover Ratio =`"Cost of goods Sold"/"Average Inventory"`
`= 300000/100000` = 3 times
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