Question : Find out the stock turnover ratio from the following information : Opening stock = Rs. 50,000 Closing stock = Rs. 60,000 and Cost of goods sold = Rs. 2,20,000
Option 1: 5:1
Option 2: 3:1
Option 3: 4:1
Option 4: None of the above
Correct Answer: 4:1
Solution : Average Stock = Opening stock + Closing stock/2 Average Stock = 50,000+60,000/2=55,000 Stock turnover ratio = Cost of goods sold/ Average Stock 2,20,000/55,000 = 4:1 Hence option 3 is the correct answer.
Question : When opening stock is Rs.50,000 closing stock Rs.60,000 and cost of goods sold is Rs.2,20,000, then stock turn over ratio is?
Question : Find the stock turnover ratio from the following: Opening stock Rs.39,000 Closing stock Rs.41,000 Purchases Rs.2,52,000.
Question : Change in stock= ?
Question : Calculate the amount of medicines consumed during the year ended 31st March, 2019: Opening Stock of Medicines Rs. 50,000 Closing Stock of Medicines Rs. 45,000 more than Opening Stock Amount paid for medicines during the year Rs. 2,00,000 Opening
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