Question 36 Chapter 4 of +2-B - USHA Publication 12 Class

Question 36 Chapter 4 of +2-B

36. (Inventory T/O Ratio/Sales & G.P. Rate given) Opening inventory 19,000 ; Closing inventory ₹ 21,000 ; Sales (Revenue from Operation) ₹ 2,00,000 ; Gross profit ratio on sales 25%. Calculate inventory turnover ratio.

The solution of Question 36 Chapter 4 of +2-B: –

(i) Debt Equity Ratio	=	Cost of goods sold
		Average Inventory

Total Long term Debt	=	Sales – Gross profit
	=	₹ 2,00,000 – ₹ 50,000*
	=	₹ 1,50,000

Debt Equity Ratio	=	Opening Inventory + Closing Inventory
Debt Equity Ratio	=	2

	=	₹ 19,000 + ₹ 21,000
	=	2

	=	₹ 20,000

Inventory Turnover Ratio	=	₹ 1,50,000
Inventory Turnover Ratio	=	₹ 20,000

	=	7.5 Times

*Gross profit	=	25% of Sales
Sales	=	₹ 2,00,000

Gross profit	=	₹ 2,00,000	X	25
Gross profit	=	₹ 2,00,000	X	100

	=	₹ 50,000

End of Solution

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