Chapter 4 – Accounting Ratios – TS Grewal 2021
Question 119
Opening Inventory 200000 Closing Inventory 120000. Inventory Turnover Ratio 8 times; Selling price 25% above cost. Calculate Gross Profit Ratio.
Opening Inventory 200000 Closing Inventory 120000. Inventory Turnover Ratio 8 times; Selling price 25% above cost. Calculate Gross Profit Ratio.