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Question 66 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 66 Chapter 4 of +2-B
Question No. 66- Chapter No.4 - T.S. Grewal +2 Book Part B

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Question 66 Chapter 4 of +2-B

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Interest Coverage Ratio

66. Revenue from Operations Rs. 4,00,000; Gross Profit Rs. 1,00,000; Closing
Inventory Rs. 1,20,000; Excess of Closing Inventory over Opening Inventory Rs. 40,000. Calculate Inventory Turnover Ratio :

The solution of Question 66 Chapter 4 of +2-B: –

Revenue from Operations=Rs. 4,00,000
Gross Profit=Rs. 1,00,000
Cost of Goods sold=Revenue from Operations – Gross Profit
 =Rs. 4,00,000 – Rs. 1,00,000
 =Rs. 3,00,000
Closing Inventory=Rs. 40,000 + Opening Inventory
Rs. 1,20,000=Rs. 40,000 + Opening Inventory
X=Rs. 1,20,000 – Rs. 40,000
 =Rs. 80,000



Average StockOpening Stock + Closing Stock
2

 

Average StockRs. 80,000 + 1,20,000
2
 =Rs. 1,00,000



Inventory Turnover RatioCost of Goods of Goods Sold
Average Stock

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Inventory Turnover RatioRs. 3,00,000
Rs. 1,00,000
 =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)

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

Question 1 Chapter 1 of +2-B
T.S. Grewal’s Analysis of Financial Statements

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