Question : A firm made credit Revenue from Operations (Credit Sales) of Rs.5,40,000 during the year. If the trade receivables turnover ratio is 9 times, The value of opening and closing trade Receivables, if the closing trade receivables are more by Rs.8,000 than the opening trade receivable will be

Option 1: Opening trade receivable Rs 56,000 closing trade receivable Rs 64,000

Option 2: Opening trade receivable Rs 64,000 closing trade receivable Rs 56000

Option 3: Opening trade receivable Rs 24000 closing trade receivable Rs 32000

Option 4: None of the above

Question : Opening Inventory Rs.29,000; Closing Inventory Rs.31,000; Revenue from Operations (Sales) Rs.3,20,000; Gross Profit Ratio 25% on Revenue from Operations. 

Inventory Turnover Ratio will be

Option 1: 6 times 

Option 2: 4 times 

Option 3: 8 times 

Option 4: None of the above

Question : Opening Inventory Rs.28,000

Closing Inventory Rs.52,000

Revenue from Operations (Sales) Rs.6,00,000

Gross Profit 25% on the cost of revenue from operations

The inventory turnover ratio will be ………

Option 1: 8 times

Option 2: 2.4 times 

Option 3: 1.2 times

Option 4: 12 times

Question : Revenue from Operations (Sales) Rs. 16,00,000; Average Inventory Rs.2,20,000; Gross Loss Ratio 5%. Inventory turnover ratio will be 

Option 1: 7.63 times 

Option 2: 7 times 

Option 3: 7.4

Option 4: None of the above

Question : Revenue from Operations (Sales) Rs. 16,00,000; Average Inventory Rs.2,20,000; Gross Loss Ratio 5%. Inventory turnover ratio will be 

Option 1: 7.63 times 

Option 2: 7 times 

Option 3: 7.4

Option 4: None of the above