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प्रश्न
In the year 2021-22, Kartik Ltd.:
- Carried an average stock of ₹ 40,000
- Its Inventory Turnover Ratio was 8 times.
- It sold goods at a profit of 25% on the cost of revenue from operations.
Calculate the profit made by Kartik Ltd. in the year 2021-22.
उत्तर
Average stock = ₹ 40,000
Inventory Turnover Ratio = 8 times
Let cost of revenue from operations be x
Inventory Turnover Ratio = `"Cost of Revenue from Operations"/"Average Inventory"`
`8 = x/(40,000)`
x = 40,000 × 8
x = ₹ 3,20,000
Profit = 25% on cost of revenue from operations
= 25% of 3,20,000
= `25/100 xx 3,20,000`
= ₹ 80,000
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संबंधित प्रश्न
What is meant by 'Profitability' of business?
Assertion (A): Increasing the value of closing inventory increases profit.
Reason (R): Increasing the value of closing inventory reduces cost of goods sold.
Read the following hypothetical extract of ABC Ltd. and answer the question that follows:
The following information is given:
| Trade Receivables Turnover Ratio | 4 times |
| Current Liabilities | ₹ 5,000 |
| Average Debtors | ₹ 1,80,000 |
| Working Capital Turnover Ratio | 8 times |
| Cash Revenue from Operations | 25% of Revenue from Operations |
| Gross Profit Ratio | `33 1/3%` |
What is the Gross Profit?
