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?
Option 1: 3 times
Option 2: 4 times
Option 3: 2 times
Option 4: 5 times
Correct Answer: 4 times
Solution : Cost of good sold = 2,20,000 Average Inventory = (Opening inventory + Closing inventory) / 2 = (50000+60000) / 2 = 55,000 Inventory turnover ratio= Cost of good sold/ Average inventory =2,20,000/55,000 =4 Times Hence the correct answer is option 2.
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 : Find the stock turnover ratio from the following: Opening stock Rs.39,000 Closing stock Rs.41,000 Purchases Rs.2,52,000.
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 : Change in stock= ?
Question : Which of the following transactions will decrease the current ratio?
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