Accountancy, asked by nagendra7545, 6 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 ).

Previous Question

Next Question

Similar questions

Geography, 3 months ago

2.How does textile industry Occupy a unique position in Indian economy ?

Math, 3 months ago

solve 2x+5=5 solve this...

English, 3 months ago

Jimmy took pride in the suitcase made of special tempared steel.(Complex)...

Math, 6 months ago

Give me any unproved theorem of Maths and Astronomy.

Math, 6 months ago

IF SIN 23 DEGREE =P THEN SIN 67 DEGREE =?

Science, 11 months ago

Based on the group valency of elements write the molecular formula of the following compounds giving justification for each:; (i) Oxide of first group elements; (ii) Halide of the elements of group thirteen, and; (iii) Compound formed when an element, A of group 2 combines with an element, B of group seventeen.(All India - 2019)...

Science, 11 months ago

Define the term power of accommodation. Write the modification in the curvature of the eye lens which enables us to see the nearby objects clearly?(All India - 2019)...

Social Sciences, 11 months ago

1) discuss in brief the system of Nazi schooling with respect to justify their racial policies in short...