Question : From the following information related to a company  Opening inventory of Rs.20,000; Closing inventory of Rs.22,000; Purchases of Rs.80,000;

Wages Rs.9,000; Carriage outwards Rs.2,000; Returns outwards Rs. 1,000; Revenue from

operations Rs.80,000; Carriage inwards Rs.4,000; Rent Rs.5,000. 

The inventory turnover ratio will be ------------

Option 1: 4 times

Option 2: 4.28 times

Option 3: 3 times

Option 4: None of the above

Question : From the following information related to a company  Opening inventory of Rs.20,000; Closing inventory of Rs.22,000; Purchases of Rs.80,000;

Wages Rs.9,000; Carriage outwards Rs.2,000; Returns outwards Rs. 1,000; Revenue from

operations Rs.80,000; Carriage inwards Rs.4,000; Rent Rs.5,000. 

The inventory turnover ratio will be ------------

Option 1: 4 times

Option 2: 4.28 times

Option 3: 3 times

Option 4: None of the above

Question : Opening inventory Rs.1,00,000: Closing inventory Rs.1,50,000: Purchase Rs.6,00,000: Carriage Rs.25,000: Wages Rs. 2,00,000. calculate inventory turnover ratio -

Option 1: 7.4 Times

Option 2: 6.2 Times

Option 3: 7 Times

Option 4: 6.6 Times

Question : From the following details, Closing Inventory Rs. 60,000;
Total Revenue from Operations Rs.5,00,000 (including cash revenue from operations Rs. 1,00,000 ); Total purchases Rs.3,00,000 (including credit purchases Rs.60,000). Goods are sold at a profit of 25% on cost. Calculate opening inventory.

Option 1: Rs 1,40,000

Option 2: Rs 1,50,000

Option 3: Rs 1,60,000

Option 4: Rs 80,000

Question : From the following details, Closing Inventory Rs. 60,000;
Total Revenue from Operations Rs.5,00,000 (including cash revenue from operations Rs. 1,00,000 ); Total purchases Rs.3,00,000 (including credit purchases Rs.60,000). Goods are sold at a profit of 25% on cost. Calculate opening inventory.

Option 1: Rs 1,40,000

Option 2: Rs 1,50,000

Option 3: Rs 1,60,000

Option 4: Rs 80,000