Question 65 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 65 Chapter 4 of +2-B

Question 65 Chapter 4 of +2-B

Interest Coverage Ratio

65. from the Following, Calculate Inventory Turnover Ratio :

  Rs.
Revenue from Operations 16,00,000
Average Inventory 2,20,000
Gross Loss Ratio 5%  

 

The solution of Question 65 Chapter 4 of +2-B: –

Cost of Revenue from Operations = Revenue from Operations + Gross Loss
  = Rs. 16,00,000 + Rs. 80,000
  = Rs. 16,80,000



Average Stock Opening Stock + Closing Stock
2

Average Inventory = Rs. 2,20,000

Inventory Turnover Ratio Cost of Goods of Goods Sold
Average Stock

 

Inventory Turnover Ratio Rs. 16,80,000
Rs. 2,20,000
  = 7.64 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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2 Book 3 min 225x300 - Question 65 Chapter 4 of +2-B  - T.S. Grewal 12 Class
T.S. Grewal’s Analysis of Financial Statements

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