Calculate Gross Profit Ratio from the following data: Average Inventory ₹ 3,20,000; Inventory Turnover Ratio 8 Times; Average Trade Receivables ₹ 4,00,000
Calculate Gross Profit Ratio from the following data:
Average Inventory ₹ 3,20,000; Inventory Turnover Ratio 8 Times; Average Trade Receivables ₹ 4,00,000; Trade Receivables Turnover Ratio 6 Times; Cash Sales 25% of Net Sales.
[Ans.: Gross Profit Ratio = 20%.]
Anurag Pathak Changed status to publish August 15, 2023
