Question
Calculate the Inventory Turnover Ratio given:
>ยทย ย ย ย ย ย ย Opening Stock: โน40,000; ยทย ย ย ย ย ย ย Closing Stock: โน20,000; ยทย ย ย ย ย ย ย Sales: โน4,00,000; ยทย ย ย ย ย ย ย Gross Profit Margin: 25% on Sales.Solution
Inventory Turnover = ๐ถ๐๐บ๐ / ๐ด๐ฃ๐๐๐๐๐ ๐ผ๐๐ฃ๐๐๐ก๐๐๐ฆ ย COGS = ๐๐๐๐๐ โ ๐บ๐ = 4,00,000 โ (25% of 4,00,000) = 4,00,000 - 1,00,000 = 3,00,000 ย Average Inventory = ย ( ๐๐๐๐๐๐๐ ย + ๐ถ๐๐๐ ๐๐๐ )/2 = (40,000+20,000) / 2 = 30,000 ย Thus, Inventory Turnover = ๐ถ๐๐บ๐ / ๐ด๐ฃ๐๐๐๐๐ ๐ผ๐๐ฃ๐๐๐ก๐๐๐ฆ = 3,00,000/30,000 = ๐๐ ๐ญ๐ข๐ฆ๐๐ฌ
Which of the following statements is FALSE?
Which section of the Income Tax Act, 1961, defines the term โAssesseeโ?
Second hand stocks/shares are traded with: (Common platform for trading)
Which of the following is the correct full form of REIT?
A customer purchases a general insurance policy covering fire and burglary. The insurer charges a premium of โน50,000 for the annual coverage. As per p...
Which document or act allows the RBI to issue specific KYC Directions to ensure public interest?
The matching principle in accounting means:
A limitation of a Data Flow Diagram (DFD) is that it:ย
Which of the following is treated as a finance cost under Ind AS?
Which of the following is NOT a money market instrument?
