calculate stock turnover ratio
This query is : Resolved
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Management System (IMS)
- Rental income gst and it purpose
- Experts need help
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Gift Received from nonblood relative
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
