Question : Find out the stock turnover ratio from the following information :
Opening stock = Rs. 50,000 Closing stock = Rs. 60,000 and Cost of goods sold = Rs. 2,20,000

 

Option 1: 5:1

Option 2: 3:1

Option 3: 4:1

Option 4: None of the above

Question : Find the stock turnover ratio from the following:
Opening stock Rs.39,000 Closing stock Rs.41,000 Purchases Rs.2,52,000.

Option 1: 12 Times

Option 2: 15 Times

Option 3: 9 Times

Option 4: 6.25 Times

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 : Which of the following transactions will decrease the current ratio?

Option 1: Sale of goods for Rs.2,00,000 (Cost Rs. 1,50,000).

Option 2: Sale of goods for Rs.2,00,000 (Cost Rs.2,20,000)

Option 3: Sale of furniture for Rs.40,000 (Book Value Rs.50,000

Option 4: Bill Receivable endorsed to a Creditor

Question : Which of the following transactions will decrease the current ratio?

Option 1: Sale of goods for Rs.2,00,000 (Cost Rs. 1,50,000).

Option 2: Sale of goods for Rs.2,00,000 (Cost Rs.2,20,000)

Option 3: Sale of furniture for Rs.40,000 (Book Value Rs.50,000

Option 4: Bill Receivable endorsed to a Creditor