Question

Q.30 From the following information calculate the following ratios.
(a) Operating ratio
(b) inventory turnover ratio
(c)Proprietany ratio
Cash sales is 1000000, credit sales - 120 cash sales, Operating expenses 10% of total sales, rate of gross profit 40%, Opening stocks Rs 150000, closing stock-rs. 20000 more than
opening stock, Current assets rs.300000, current liabilities rs 200000, share capital -rs.
600000 Fixed Assets rs 500000​

Answer 1

Answer:

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