Cash revenue form operation sRs 100000, Credit revenue from operation Rs 300000 Gross profit 30% on
Channel: Doubtnut
Date: 2020-03-29

Cash revenue form operation sRs 100000, Credit revenue from operation Rs 300000 Gross profit 30% on revenue form operation, Inventory turnover ratio = 2times. Calculate opening inventory and closing inventory in each of the following cases: Case1: If opening inventory is `1//3`rd of the inventory at the end . case 2: If closing inventroy is 25% less thanthe inventory in the begining case 3: If opening inventory is 75% of closing inventory and closing inventory is 30% of revenue form operations.