Question

23. If opening inventory is 38,500, closing inventory is? 41.500. Annual sales is 2,00,000 and Gross
profit is 25% on cost. Then the inventory turnover ratio will be:
(a) 3 times
(6) 4 times
(c) 4.5 times
(4) none of these​

Answer 1

Answer:

Option (b). 4 times

Inventory Turnover Ratio = 4 times

Explanation:

Solution :

Inventory Turnover Ratio :

$\sf{\longrightarrow{\dfrac{CostOf \: Goods \: Sold}{Average \: Inventory}}}$

$\sf{\longrightarrow{\dfrac{Cost\:Of \: Goods \: Sold}{ \frac{Ope.ning \: Stock \: + \: Closing \: Stock}{2}}}}$

Let,

Cost Of Goods Sold = x

Sales = Cost Of Goods Sold + Gross Profit

2,00,000 = x + 25% of x

2,00,000 = x + $\frac{25x}{100}$

2,00,000 = x + 0 .25x

2,00,000 = 1.25x

x = 2,00,000/1.25

x = 1,60,000

Cost of Goods Sold = 1,60,000

★ Average Inventory =

$\sf{\longrightarrow{\dfrac{Ope.ning \: Stock \: + \: Closing \: Stock}{2}}}$

$\sf{\longrightarrow{\dfrac{38,500 \: + \: 41,500}{2}}}$

$\sf{\longrightarrow{\dfrac{80,000}{2}}}$

Average Inventory = 40,000

Inventory Turnover Ratio =

$\sf{\longrightarrow{\dfrac{CostOf \: Goods \: Sold}{Average \: Inventory}}}$

$\longrightarrow{\sf{\dfrac{1,60,000 }{40,000} \: = \: 4}}$

Inventory Turnover Ratio = 4 times

∴ The Inventory Turnover Ratio will be 4 times .

Answer 2

Answer:

10 thanks =200 thanks

Step-by-step explanation:

Pushpagiri (Kumara Parvatha), at 1,712 metres (5,617 ft),[citation needed] is the highest peak in Pushpagiri Wildlife Sanctuary in the Western Ghats of Karnataka. It is located in the Somwarpet Taluk, 20 kilometres (12 mi) from Somwarpet in the northern part of Kodagu district on the border between Dakshina Kannada and Kodagu district and hassan districts. It is 4th highest peak of Karnataka. The Sanskrit name of the mountain is Puṣpagiri while its Prakrit form is Puphagiri, which is mentioned in the Nagarjunakond Second Apsidal Temple inscription,[1] although this may refer to a different mountain to the north of Cuddapah, in Andhra Pradesh.