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 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 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 : 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

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