Question

openi g stock 20000 purchases 107725 direct expenses 1000 closing stock 40000 administration expenses 5275 selling and distribution expenses 10000 sales 250000. calculate stock turnover ratio​

Answer 1

Explanation:

cost of goods sold

÷ average inventory

cost of goods sold =

purchase+ direct exp+administration

exp+ selling and distribution exp

or

107725+1000+5275+10000

= 124000

average inventory =

opening stock + closing stock÷2

or

20000+40000÷ 40000

cost of goods sold

÷ average inventory

124000÷ 40000 = 3.1

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