calculate stock turnover ratio
This query is : Resolved
CA Abhishek Singh
(Querist)
18 May 2011
To op. stock-15920
To purchases-39000
To carriage-1000
to gross profit-36480
By Sales 78000
By closing stock14400
calculate stock turnover ratio
To purchases-39000
To carriage-1000
to gross profit-36480
By Sales 78000
By closing stock14400
calculate stock turnover ratio
18 May 2011
Find COGS = sales - gross profit = 41520
Divide by avg of stock = 15160
Stock Turnover ration = 41520 / 15160 = 2.74
Note : other variants may also be there. But assuming that closing stock is arrived after including carriage charges on proportionate basis, above given solution is done.
Divide by avg of stock = 15160
Stock Turnover ration = 41520 / 15160 = 2.74
Note : other variants may also be there. But assuming that closing stock is arrived after including carriage charges on proportionate basis, above given solution is done.
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