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Question 75 Chapter 4 of +2-B – T.S. Grewal 12 Class

Question 75 Chapter 4 of +2-B
Question No. 75- Chapter No.4 - T.S. Grewal +2 Book Part B

Question 75 Chapter 4 of +2-B

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Interest Coverage Ratio

75. 3,00,000 is the Cost of Revenue from Operations Cost of Goods Sold.
Inventory Turnover Ratio 8 times; Inventory, in the beginning, is 2 times more than the inventory at the end. Calculate the value of Opening and Closing Inventories

The solution of Question 75 Chapter 4 of +2-B: –

Inventory Turnover Ratio Cost of goods sold
Average Inventory
8 Rs. 3,00,000
Average Inventory
Average Inventory = Rs. 3,00,000 / 8
Average Inventory = Rs. 37,500
Opening Inventory = 2x + x
Closing Inventory = X

 

Average Inventory Opening Inventory + Closing Inventory
2
Rs. 37,500 (2x + X) + X
2
4x = Rs. 75,000

 

X = Rs. 75,500
4
  = Rs. 18,750

 

Opening Inventory = Rs. 18,750
Closing Inventory = 3 x Rs. 18,750
  = Rs. 56,250



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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