139 :- From the following information, calculate Gross Profit Ratio:
140 :- Opening Inventory Rs 2,00,000; Closing Inventory Rs 1,20,000. Inventory Turnover Ratio 8 Times; Selling price 25% above cost. Calculate Gross Profit Ratio.
141 :- A trader carries an Average Inventory of Rs 1,00,000. His Inventory Turnover Ratio is 8 Times. He sells goods at a profit of 25% of cost. Calculate Gross Profit Ratio.
142 :- Calculate Gross Profit Ratio from the following data:
Average Inventory Rs 3,20,000; Inventory Turnover Ratio is 8 Times; Average Trade Receivables Rs 4,00,000; Trade Receivables Turnover Ratio is 6 Times. Cash Sales 25% of Net Sales.
143 :- (i) Revenue from Operations: Cash Sales Rs 4,20,000; Credit Sales Rs 6,00,000; Return Rs 20,000. Cost of Revenue from Operations or Cost of Goods Sold Rs 8,00,000. Calculate Gross Profit Ratio.
(ii) Average inventory Rs 1,60,000; Inventory Turnover Ratio 6 Times; Selling Price 25% above cost. Calculate Gross Profit Ratio.
(iii) Opening Inventory Rs 1,00,000; Closing Inventory Rs 60,000; Inventory Turnover Ratio 8 Times; Selling Price 25% above cost. Calculate Gross Profit Ratio.
144 :- Gross Profit Ratio of a company is 25%. State, giving reason, which of the following transactions will (a) Increase or (b) Decrease or (c) not alter the Gross Profit Ratio:
(i) Purchases of Stock – in – Trade Rs 50,000.
(ii) Purchases Return Rs 15,000.
(iii) Cash Sale of Stock-in-Trade Rs 40,000.
(iv) Stock-in-Trade costing Rs 20,000 withdrawn for personal use.
(v) Stock-in-Trade costing Rs 15,000 distributed as free sample.