b) Prepare the Gross profit ratio:
Gross profit = Rs.27,000
Cost of sales = Rs.33,000
Opening stock Rs.12,000
Closing stock = Rs.16,000
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(a) Sale of goods for Rs 40,000 (Cost Rs 32,000)- Increase ... Inventory Turnover Ratio 5 Times, Total sales ₹ 2,00,000, Gross Profit Ratio ...
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