Determine stock turnover ratio if, Opening stock is Rs 31,000 , Closing stock is Rs 29,000, Sales is Rs 3,20,000 & Gross profit ratio is 25% on sales.

Related MCQs

• Opening stock + purchases + direct expenses – closing stock =
• What will be the Gross Profit if , total sales is Rs 2,60,000,cost of net goods sold is Rs 2,00,000 & sales return is Rs10,000 ?
• If value of opening inventories increases, what happens to the value of gross profit?
• If sales is Rs 5,00,000 & net profit is Rs 1,20,000 Net profit ratio is
• Sales – Gross Profit = .
• Determine Working capital turnover ratio if, Current asset is Rs 1,50,000, current liability is Rs 1,00,000 & cost of goods sold is Rs 3,00,000.
• Stock turnover ratio is a .
• Inventory or stock turnover ratio is also called .
• Quick ratio is 1.8:1, current ratio is 2.7:1 and current liabilities are Rs 60,000. Determine value of stock.
• Working capital turnover ratio can be determined by :