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Read the following and answer the questions give below:₹ 2019-20₹ 2020-21Inventory on 31st March₹ 7,00,000₹ 17,00,000Revenue from Operations₹ 50,00,000₹ 17,00,000Gross profit 25% on cost of revenue from operationsIn the year 2019-20, inventory increased by ₹2,00,0001. Calculate inventory turnover ratio for the year 2019-20? i) 6.07 times ii) 6.67 times iii) 5 times iv) 8.33 times 2. Find cost of revenue from operations for the year 2020-21? i) ₹ 40,00,000ii) ₹ 50,00,000 iii) ₹ 75,00,000 iv) ₹ 60,00,000 3. Inventory turnover ratio is a part ofi) Solvency ratio ii) Liquidity ratio iii) Activity ratio iv) Profitability ratio 4. Which years inventory ratio is better for the above firm? i) 2019-20 ii) 2020-21iii) Both are equal iv) Neither 2019-20 nor 2020-21 |
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Answer» 1. ii) 6.67 times 2. iv) ₹ 60,00,000 3. iii) Activity ratio 4. i) 2019-20 |
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