following information is given to you: Inventory turnover ratio is 5 times Inventory at the end is 5,000 more than the inventory at the beginning. Revenue from operation (all credit) 2,00,000; Gross profit ratio 25% on cost; Current liabilities 60,000; Quick ratio 0.75.
Calculate cost of revenue from operations, Opening stock, closing stock and current assets.
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Im only able to answer the current assets but except that i solved everything kindly look into the following images.
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