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From the given information, calculate the following: (i) Cost of revenue from operations. (ii) Opening and closing inventory. (iii) Quick assets. (iv) Current assets. Information : Inventory turnover ratio 6 times, inventory at the end is Rs 6,000 more than the inventory in the beginning, revenue from operation (all credits) Rs 2,40,000 ,Gross profit 25% on cost, current liabilities Rs 80,000, quick ratio 0.80 : 1. |
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Answer» From the given information, calculate the following: (i) Cost of revenue from operations. (ii) Opening and closing inventory. (iii) Quick assets. (iv) Current assets. Inventory turnover ratio 6 times, inventory at the end is Rs 6,000 more than the inventory in the beginning, revenue from operation (all credits) Rs 2,40,000 ,Gross profit 25% on cost, current liabilities Rs 80,000, quick ratio 0.80 : 1. |
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