From the following data, calculate ‘Inventory Turnover Ratio’ when gross profit ratio is given 20%: Cash Sales, Credit Sales, Return Inward, Opening Inventory, Closing Inventory, ₹ 1,50,000, 2,50,000 - Accounts | Shaalaa.com
From the following data, calculate ‘Inventory Turnover Ratio’ when g…
6 months ago
shaalaa.com
SOLVED: An accountant has established that the gross profit margin for a sole trader business who does not keep records is 20% and that opening and closing inventories were GH₵700 and GH₵1,200 respectively. If purchases during the year amounted to GH₵23,500, what was the sales for the year?
SOLVED: An accountant has established that the gross profit m…
3 months ago
numerade.com
Gross Sales: What It Is, How To Calculate It, and Examples
Gross Sales: What It Is, How To Calculate It, and Examples
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