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118. On the basis of the following information, calculate any two ratios:
(a) Operating Ratio;
(b) Inventory (Stock) Turnover Ratio;
(c) Proprietary Ratio.
Information:
Cash Sales
10,00,000 Closing Inventory 20,000 more than Opening Inventory
Credit Sales
120% of Cash Sales Current Assets
* 3,00,000
Operating Expenses 10% of Total Sales Current Liabilities
* 2,00,000
Rate of Gross Profit
40%
Share Capital
6,00,000
Opening Inventory
1,50,000 Fixed Assets
* 5,00,000
or
;
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