If Average Inventory is ₹125 Lakh, Inventory Turnover Ratio is 8 times and Profit is 20% on sales, then amount of sales will be :
CS Executive · Cost and Management Accounting · PYQS · December 2018
If Average Inventory is ₹125 Lakh, Inventory Turnover Ratio is 8 times and Profit is 20% on sales, then amount of sales will be :
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Ratio Analysis
Related Questions in this Topic
- Capital Gearing Ratio is categorized as:
- If Market Price per share, Earning per share and Dividend per share are ₹150, ₹16.50 and ₹15 respectively, then Price Ea...
- Cost of Goods Sold is ₹90 Lakh, Purchases are ₹96 Lakh and Closing Stock is ₹18 Lakh, then Stock Turnover Ratio will be ...
- Current Ratio is 2.5 : 1 and Liquid Ratio is 1.5 : 1. If inventory is ₹9,60,000, then the amount of current assets will ...
- If current ratio is 2.5 : 1 and Working Capital is ₹120 Lakh, then current liabilities are :