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
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.
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 : 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 :
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
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
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