how to solve this problem turnover
ratios given in times gp 100000 gpr 25perc.reserves and surplus 35000 cl. stock is more by RS.20000 than op.stock.
16 Replies
sandip vasudev gandhe
(student)
(88 Points)
Replied 27 November 2017
times,CRS t/o 8 time, capital t/o 2 time, stock t/o 8 time, fa t/o 8 time.
sandip vasudev gandhe
(student)
(88 Points)
Replied 27 November 2017
how to prepare b/s with this information
Sunil Ahmad
(Student)
(1511 Points)
Replied 27 November 2017
Fixed Assets -50,000
Debtors--100,000
Creditor--40000
Closing stock--47500
Is there any information regarding cash etc, once check capital turnover ratio
Debtors--100,000
Creditor--40000
Closing stock--47500
Is there any information regarding cash etc, once check capital turnover ratio
sandip vasudev gandhe
(student)
(88 Points)
Replied 27 November 2017
thanks but how you do it please let me inform
Sunil Ahmad
(Student)
(1511 Points)
Replied 27 November 2017
B/s will tally but capital will not tally with that capital ratio
Sunil Ahmad
(Student)
(1511 Points)
Replied 27 November 2017
Sales=G.P/G.P%
=100,000/25%=400,000.
COGS=SALES-G.P
= 400,000-100,000=300,00.
STOCK T/O Ratio=COGS/Avg.stock
Average stock = 300,000/8=37500
(Op.stock+ clo.stock)/2=37500
Op.stock+clo.stock =75000.
Let Op.stock= x
Clo.stock=x+20,000
x+x+20,000=75000
2x=75000-20,000
x=27500
Op.stock=27500
Clothes.stock =27500+20,000=47500.
Recent Topics
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
- Rectification to decrease income in SCHEDULE OS
- Can Statutory Auditor of a subsidiary become concu
- Client Asking for the Revised Invoice
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- GST registration for medical shop in Karnataka
Related Threads
CAclubindia
