Accountancy, asked by harvinder2203, 9 months ago

Q. 63. Determine the amount of Revenue from Operations from the following
particulars :-
Opening Inventory
40,000
Inventory Turnover Ratio
6 times
Gross Profit 20% of Revenue from Operations (Sales)
You are informed that closing inventory is two times in comparison to opening
inventory

Answers

Answered by urvashikumari12345

Explanation:

The sweet spot for inventory turnover is between 2 and 4. A low inventory turnover may mean either a weak sales team performance or a decline in the popularity of your products. In most cases (read: not always), the higher the inventory turnover rate, the better your business goals are being met.

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