Question : Find the stock turnover ratio from the following:
Opening stock Rs.39,000 Closing stock Rs.41,000 Purchases Rs.2,52,000.
Option 1: 12 Times
Option 2: 15 Times
Option 3: 9 Times
Option 4: 6.25 Times

Question

Question : Find the stock turnover ratio from the following:
Opening stock Rs.39,000 Closing stock Rs.41,000 Purchases Rs.2,52,000.

Option 1: 12 Times

Option 2: 15 Times

Option 3: 9 Times

Option 4: 6.25 Times

Team Careers360 · Accepted Answer

Correct Answer: 6.25 Times

Solution : Cost of goods sold = Opening Stock + Purchase – Closing Stock
Cost of goods sold = 39,000 + 2,52,000 - 41,000 = 2,50,000
Stock Turnover Ratio = Cost of goods sold / Average Stock
Stock Turnover Ratio = 250000/(39000+41000/2)
Stock Turnover Ratio = 6.25:1.
Hence, the correct option is 4.

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Question : Find the stock turnover ratio from the following: Opening stock Rs.39,000 Closing stock Rs.41,000 Purchases Rs.2,52,000.Option 1: 12 TimesOption 2: 15 TimesOption 3: 9 TimesOption 4: 6.25 Times

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Question : Find the stock turnover ratio from the following:
Opening stock Rs.39,000 Closing stock Rs.41,000 Purchases Rs.2,52,000.
Option 1: 12 Times
Option 2: 15 Times
Option 3: 9 Times
Option 4: 6.25 Times

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

Question : From the following information, calculate the inventory turnover ratio:

Inventory in the beginning = Rs.18,000
Inventory at the end = Rs.22,000
Net purchases = Rs.46,000
Wages = Rs.14,000
Revenue from operations = Rs.80,000
Carriage

Question :
From the following data, calculate Inventory Turnover Ratio:
Total Sales Rs. 5,00,000; Sales Return Rs. 50,000;
Gross Profit Rs. 90,000; Closing Inventory Rs. 1,00,000; Excess of Closing Inventory over