Question : Opening Inventory Rs.29,000; Closing Inventory Rs.31,000; Revenue from Operations (Sales) Rs.3,20,000; Gross Profit Ratio 25% on Revenue from Operations. 

Inventory Turnover Ratio will be

Option 1: 6 times 

Option 2: 4 times 

Option 3: 8 times 

Option 4: None of the above

Question : Opening inventory Rs.1,00,000: Closing inventory Rs.1,50,000: Purchase Rs.6,00,000: Carriage Rs.25,000: Wages Rs. 2,00,000. calculate inventory turnover ratio -

Option 1: 7.4 Times

Option 2: 6.2 Times

Option 3: 7 Times

Option 4: 6.6 Times

Question : Opening Inventory Rs.28,000

Closing Inventory Rs.52,000

Revenue from Operations (Sales) Rs.6,00,000

Gross Profit 25% on the cost of revenue from operations

The inventory turnover ratio will be ………

Option 1: 8 times

Option 2: 2.4 times 

Option 3: 1.2 times

Option 4: 12 times

Question : A business has Rs.58,400 in inventory, Rs.48,000 in debt, and a 6 times inventory turnover rate. 40% of all sales are made on credit, while the gross profit margin is 20%. How much will the credit sales be?

Option 1: Rs.1,62,500

Option 2: Rs.1,95,400

Option 3: Rs.1,85,200

Option 4: Rs.1,75,000