Cash revenue from Operations ₹ 1,00,000; Credit Revenue from Operations ₹ 3,00,000. Gross profit 30% on Revenue from Operations; Inventory turnover Ratio = 2 times. If the opening Inventory is 75% of Closing Inventory and Closing Inventory is 30% of Revenue from Operations1 Calculate the cost of Revenue from Operations? i) ₹ 3,00,000 ii) ₹ 1,20,000 iii) ₹ 4,00,000iv) ₹ 2,80,0002 Find Average Inventory? i) ₹ 2,00,000 ii) ₹ 60,000iii) ₹ 1,05,000 iv) ₹ 1,50,000 3 What is effect of increase in value of closing inventory by ₹ 20,000, If the inventory turnover ratio is three times? i) Increase ii) Decrease iii) Neither increase nor decrease iv) May or may not increase 4 Find the opening inventory and closing inventory if opening inventory is 75% of closing inventory and closing inventory is 30% of revenue from operations. i) ₹ 90,000 & ₹ 1,20,000 ii) ₹ 1,20,000 & ₹ 90,000 iii) ₹ 3,00,000 & ₹ 1,00,000 iv) ₹ 1,00,000 & ₹ 2,00,000