Question : From the following information related to a company  Opening inventory of Rs.20,000; Closing inventory of Rs.22,000; Purchases of Rs.80,000;

Wages Rs.9,000; Carriage outwards Rs.2,000; Returns outwards Rs. 1,000; Revenue from

operations Rs.80,000; Carriage inwards Rs.4,000; Rent Rs.5,000. 

The inventory turnover ratio will be ------------

Option 1: 4 times

Option 2: 4.28 times

Option 3: 3 times

Option 4: None of the above

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

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 : Calculate the net purchase from the following information:
Revenue from Operations:
Cash: Rs.25,000
Credit: Rs.75,000
Purchases:
Cash: Rs.15,000
Credit: Rs.60,000
Carriage Inwards: Rs.2,000
Salaries: Rs.25,000
Decrease in Inventory: Rs.10,000
Return Outwards: Rs.2,000.

Option 1: Rs.1,00,000

Option 2: Rs.83,000

Option 3: Rs.73,000

Option 4: Rs.63,000

Question : Rs.2,00,000 is the cost of revenue from operations, Inventory turnover 8 times; Inventory at the beginning is only 1.5 times than the Inventory at the end.  The values of Opening  inventory is 

Option 1: Rs. 25,000

Option 2: Rs. 30,000

Option 3: Rs. 45,000

Option 4: Rs. 27,000