From the following information obtained from the books of Kundan Ltd., Calculate the Inventory Turnover Ratio for the years 2015-16 and 2016-17:
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 ₹ 2,00,000.
[Ans.: Inventory Turnover Ratio: 2015-16 = 6.67 Times; 2016-17 = 5 Times.]
| Particulars | 2015-16 (₹) | 2016 – 17 (₹) |
| Inventory on 31st March | 7,00,000 | 17,00,000 |
| Revenue from Operations (Gross Profit is 25% on Cost of Revenue from Operations | 50,00,000 | 75,00,000 |
Anurag Pathak Changed status to publish August 14, 2023
