Which of the following comes under efficiency ratios?

Average collection period.

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Inventory turnover ratio.

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Fixed assets turnover ratio.

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All of the above.

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Solution

The correct option is C All of the above.
'Efficiency ratios' are those which help determine the business how efficiently it uses its resources in form of assets and deals with the liabilities.
To know how a business converts the inventory into sales, fosters sales and earns income, these ratios are important.

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	₹		₹
Revenue From Operations, i.e., Net Sales Gross Profit	1,50,000	Opening Inventory	29,000
Cost of Revenue From Operations	30,000	Closing Inventory	31,000
(Cost of Goods Sold)	1,20,000	Debtors	16,000

Inventory turnover ratio = ___

The inventory turnover ratio is ________ ratio.

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