88 :- From the following information obtained from the books of Kundan Ltd., calculate the Inventory Turnover Ratio for the years 2015–16 and 2016–17;
In the year 2015 – 16, inventory increased by Rs 2,00,000.
90 :– From the following information, calculate Inventory Turnover Ratio:
Credit Revenue from Operations Rs 6,00,000; Cash Revenue from Operations Rs 2,00,000, Gross Profit 25% of cost, Closing Inventory was 3 times the Opening Inventory. Opening Inventory was 10% of cost of Revenue from Operations.
91 :- Following figures have been extracted from Shivalika Mills Ltd.;
Inventory in the beginning of the year Rs 60,000.
Inventory at the end of the year Rs 1,00,000.
Inventory Turnover Ratio 8 times.
Selling price 25% above Cost.
Compute amount of Gross Profit and Revenue from Operations (Net Sales).