Alpha Ltd. has provided you the following information as on 31st March, 2024 : Particulars Amt. in ₹ Opening Inventory 2,28,750/- Purchases 9,66,750/- Closing Inventory 2,95,500/- Sales 15,60,000/- Sales Returns 60,000/-

Amount in ₹ A Opening Inventory 2,28,750 B Purchases 9,66,750 C Closing Inventory 2,95,500 D Cost of Goods Sold (A+B-C) 9,00,000 E Average Inventory (A+C)/2 2,62,125 F Inventory Turnover Ratio (times) = Cost of Goods Sold/Average Inventory (D/E) 3.43 G Sales 15,60,000 Less: Sales Return 60,000 Net Sales 15,00,000 H Gross Profit (Net Sales - Cost of Goods Sold) (G-D) 6,00,000 I Gross Profit Ratio (Gross Profit/Net Sales) (H/G) 40.00%