Question : Find out the stock turnover ratio from the following information :
Opening stock = Rs. 50,000 Closing stock = Rs. 60,000 and Cost of goods sold = Rs. 2,20,000

 

Option 1: 5:1

Option 2: 3:1

Option 3: 4:1

Option 4: None of the above

Question : When opening stock is Rs.50,000 closing stock Rs.60,000 and cost of goods sold is Rs.2,20,000, then stock turn over ratio is?

Option 1: 3 times

Option 2: 4 times

Option 3: 2 times

Option 4: 5 times

Question :

From the following data, calculate Inventory Turnover Ratio:
Total Sales Rs. 5,00,000; Sales Return Rs. 50,000; 
Gross Profit Rs. 90,000; Closing Inventory Rs. 1,00,000; Excess of Closing Inventory over opening inventory Rs. 20,000.

Option 1: 6 Times

Option 2: 4 Times

Option 3: 3 Times

Option 4: 5 Times

Question : From the following information, calculate the inventory turnover ratio:

Inventory in the beginning = Rs.18,000
Inventory at the end = Rs.22,000
Net purchases = Rs.46,000
Wages = Rs.14,000
Revenue from operations = Rs.80,000
Carriage inwards = Rs.4,000

Option 1: 2 times

Option 2: 3 times

Option 3: 4 times

Option 4: 5 times