Question : -----------------ratio indicates the relationship between the cost of   revenue from operations (i.e., Cost of Goods Sold) during the year and average inventory kept during that year.

Option 1: Net profit ratio

Option 2: Trade receivable turnover ratio

Option 3: Inventory turnover ratio

Option 4: Working capital turnover ratio

Question : -----------------ratio indicates the relationship between the cost of   revenue from operations (i.e., Cost of Goods Sold) during the year and average inventory kept during that year.

Option 1: Net profit ratio

Option 2: Trade receivable turnover ratio

Option 3: Inventory turnover ratio

Option 4: Working capital turnover ratio

Question : Cost of Revenue from Operations  - 

Option 1: Revenue from Operations – Net Profit

Option 2: Revenue from Operations – Gross Profit

Option 3: Revenue from Operations – Closing Inventory

Option 4: Purchases – Closing Inventory

Question : Which of the following statements is false?

Option 1: Cost of Revenue = Opening Inventory + Purchases + Carriage from Operations + Wages + Other Direct Charges - Closing Inventory

Option 2: Cost of Revenue from Operations = Revenue from Operations (Cost of Goods Sold) - Gross Profit.

Option 3: Revenue from Operations + Gross Loss= cost of revenue from operation

Option 4: None of the above

Question : Which of the following statements is false?

Option 1: Cost of Revenue = Opening Inventory + Purchases + Carriage from Operations + Wages + Other Direct Charges - Closing Inventory

Option 2: Cost of Revenue from Operations = Revenue from Operations (Cost of Goods Sold) - Gross Profit.

Option 3: Revenue from Operations + Gross Loss= cost of revenue from operation

Option 4: None of the above