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 : What formula is used to compute the inventory turnover ratio?

Option 1: Cost of Revenue from Operations/Average Inventory

Option 2: Average Inventory/Cost of Revenue from Operations

Option 3: Average Inventory/Revenue from Operations

Option 4: Gross Profit/Average 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

Question : What is the formula for the Operating ratio?

Option 1: Cost of Production/Net revenue from operations.

Option 2: Cost of production + Operating Expenses/Net revenue from operations

Option 3: Cost of revenue from operations + Operating Expenses/Net Revenue from Operations

Option 4: None of the above