questions on. 63 of TS grewal of accounting ratio
Attachments:
Answers
Answered by
0
Hey! Your Solution to your query is provided below :
Cost of Goods Sold (COGS) = Opening Inventory + purchases - closing Inventory
5,00,000 = 1,00,000 + 5,50,000 - closing Inventory
Closing Inventory = 1,50,000
Average Inventory = opening Inventory + closing Inventory/2
= 1,00,000 + 1,50,000/2
= 1,25,000
Inventory turnover Ratio = Cost of Goods sold / Average Inventory
= 5,00,000/1,25,000
= 4 times
Hopes this helps! In case of further doubts, you can always get back to us
Cost of Goods Sold (COGS) = Opening Inventory + purchases - closing Inventory
5,00,000 = 1,00,000 + 5,50,000 - closing Inventory
Closing Inventory = 1,50,000
Average Inventory = opening Inventory + closing Inventory/2
= 1,00,000 + 1,50,000/2
= 1,25,000
Inventory turnover Ratio = Cost of Goods sold / Average Inventory
= 5,00,000/1,25,000
= 4 times
Hopes this helps! In case of further doubts, you can always get back to us
Answered by
0
Answer:
Explanation:
I m sending u a detail explantion of this ques plz see it
Attachments:
Similar questions