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Question

From the following information calculate Gross Profit Ratio, Inventory Turnover Ratio and Trade Receivables Turnover Ratio.

Rs

Revenue from Operations

3,00,000

Cost of Revenue from Operations

2,40,000

Inventory at the end

62,000

Gross Profit

60,000

Inventory in the beginning

58,000

Trade Receivables

32,000

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Solution

Note: In the solution, Trade Receivables are assumed as the Average Trade Receivables


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