que1: stock turnover ratio 5 times, cost of goods sold 18,99,000. calculate opening stock and closing stock if stock at the end is 2.5 times more than that in the beginning.?
que2: 1) 3,00,000 is the cost of goods soid.inventory turnover ratio 8 times; stock in the beginning is 2 times more than the stock at the end.calculate the value of opening and closing stock.?
2) a trader carries an average stock of 80,000. his stock turnover ratio is 12times.find out his profit;if he sells at a profit of 20%on sales?
que3: cash sales 20% of total sales, credit sales4,50,000, gross profit 25% on cost, opening stock 37,500; closing stock1,12,500?
que4: a ltd copmpany made credit sales of 4,00,000 during the financial period if the collection period is 36 days and year is assumed to be 360days, calculate the debtors turnover , average debtor?
(1) Inventory Turnover Ratio = 8 times
Cost of Goods Sold = 3,00,000
Opening Stock is 2 times more than Closing Stock
Lets Closing Stock be x, Opening Stock will be 2x
(2) (a) Stock Turnover Ratio = 12 times
Average Stock = 80,000
(3) Nothing has been mentioned in the question regarding which ratio is to be computed.
(4) Average Collection Period = 36 days