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प्रश्न
Calculate Inventory Turnover Ratio if:
Inventory in the beginning is Rs. 76,250, Inventory at the end is 98,500, Gross Revenue from Operations is Rs. 5,20,000, Sales Return is Rs. 20,000, Purchases is Rs. 3,22,250.
उत्तर
`"Inventory Turnover ratio" = "Cost of revenue from operations"/"Average Inventory"`
`"Cost of revenue from Operations" = "Inventory in the begining + Purchases - Inventory at the end"`
= `76,250 + 3,22,250 - 98,500`
= `3,00,000`
`"Average Inventory" = ("Inventory in the begining" + "Inventory at the end")/2`
= `(76,250 + 98,000)/2`
= `87,375`
`"Inventory turnover Ratio" = "3,00,000"/"87,375" = 3.43 "times"`
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संबंधित प्रश्न
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| ₹ | ₹ | |||
| Trade Receivable (Sundry Debtors) | 1,80,000 | Bills Payable | 20,000 | |
| Prepaid Expenses | 40,000 | Sundry Creditors | 1,00,000 | |
| Cash and Cash Equivalents | 50,000 | Debentures | 4,00,000 | |
| Marketable Securities | 50,000 | Inventories | 80,000 | |
| Land and Building | 5,00,000 | Expenses Payable | 80,000 |
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| ₹ | |
| Revenue from Operations (Net Sales) | 10,00,000 |
| Credit Revenue from Operations (Credit Sales) | 8,00,000 |
| Trade Receivables | 1,00,000 |
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| Purchases | ₹ 10,00,000 | Loss by fire | ₹ 20,000 | |
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| Administrative and Selling Expenses | ₹ 1,70,000 |
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| ₹ | ||
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Additional information:
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| Prepaid Expenses | 3,000 | 2,000 |
| Trade Payables | 51,000 | 30,000 |
| Expenses Payable | 20,000 | 34,000 |
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