Question
MNP Inc. has Gross Profit of ₹75,000 on Sales of
₹3,50,000. Average Total Assets are ₹2,00,000 and Average Inventory is ₹50,000. Calculate Total Asset Turnover and Inventory Turnover.Solution
1. Total Asset Turnover = 𝑆𝑎𝑙𝑒𝑠 / 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝐴𝑠𝑠𝑒𝑡𝑠 = 3,50,000/2,00,000 = 𝟏 . 𝟕𝟓 𝐭𝐢𝐦𝐞𝐬 2. Inventory Turnover = 𝐶𝑂𝐺𝑆 / 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝐼𝑛𝑣𝑒𝑛𝑡𝑜𝑟𝑦 = ( 𝑆𝑎𝑙𝑒𝑠 – 𝐺 ross profit) / average inventory = (3,50,000−75,000) / 50,000 = 2,75,000/ 50,000 = 𝟓 . 𝟓 𝐭𝐢𝐦𝐞𝐬
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