Accountancy, asked by nagendra7545, 5 months ago

From the following information,Calculate the value of closing stock?Opening stock=Rs.50,000,Net Profit=Rs.75,000,Operating ratio=85%,Gross Profit ratio=25%,Stock turnover ratio=8 times.

Answers

Answered by wanio9021

1

Answer:

Inventory Turnover Ratio 8 times. Selling price 25% above cost. Compute amount of Gross Profit and Revenue from Operations (Net Sales ).

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