Question 61 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 61 Chapter 4 of +2-B

Question 61 Chapter 4 of +2-B

Interest Coverage Ratio

61. From the following details, calculate Inventory Turnover Ratio:

  Rs.
Cost of Revenue from Operations (Cost of Goods of Goods Sold) 4,50,000
Inventory in the beginning of the year  1,25,000
Inventory at the close of the year 1,75,000

The solution of Question 61 Chapter 4 of +2-B: –

Cost of Goods of Goods Sold = Rs. 4,50,000



Average Stock Opening Stock + Closing Stock
2

 

Average Stock Rs. 1,25,000 + Rs. 1,75,000
2
  = Rs. 1,50,000

 

 

Inventory Turnover Ratio Cost of Goods of Goods Sold
Average Stock

 

Inventory Turnover Ratio Rs. 4,50,000
Rs. 1,50,000
  = 3 Times

 

 

Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of previous Chapters: –

T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)

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T.S. Grewal’s Analysis of Financial Statements

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