Question

calculate stock turnover ratio :sales:200000,gross profit:50000,opening stock:65000,closing stock:15000​

Answer 1

Answer:

Stock turnover ratio= cost of goods sold/average stock

Cost of goods sold= Sales- gross profit

COGS = 200000 - 50000

COGS = 150000

Average stock= opening stock+ closing stock/2

Average stock = 65000+15000/2

Average stock= 80000/2

Average stock= 40000

Stock turnover ratio= 150000/40000

Stock turnover ratio= 150000/40000= 3.75 times

hope it helps..

Answer 2

Stock Turnover Ratio = 3.75 times

Explanation:

Given:

Sales = 2,00,000

Gross profit = 50,000

Opening stock = 65,000

Closing stock = 15,000

​Average stock = (Opening stock + Closing stock) / 2

= (65,000+15,000) / 2

= 80,000 / 2

Average stock = 40,000

Cost of goods sold = Sales - Gross profit

= 2,00,000 - 50,000

Cost of goods sold = 1,50,000

Stock turnover ratio = Cost of goods sold / Average stock

= 1,50,000 / 40,000

= 3.75 times

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