Question :
If stock turnover ratio = 6 times; Average stock = Rs.8,000; Selling price = 25% above cost. What is the amount of gross profit?
Option 1: Rs.4,000
Option 2: Rs.2,000
Option 3: Rs.12,000
Option 4: Rs.10,000
Quick Ratio 1:1.Current Assets Rs 60,000, Current liabilities Rs 40,000. Calculate the value of inventory.
Option 1: Rs.40,000
Option 2: Rs.20,000
Option 3: Rs.10,000
Option 4:
Rs.22,000
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