Mathematics · Accounting Ratios
For a manufacturing firm: Sales = ₹36,00,000; COGS = ₹24,00,000; Average Inventory = ₹1,50,000; Average Total Assets = ₹9,00,000. Compute: (a) Inventory Turnover, (b) Gross Profit Margin (%), and (c) Total Asset Turnover.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Inventory turnover 8.0; Gross margin 33.33%; Asset turnover 3.0
- 2Inventory turnover 16.0; Gross margin 25.00%; Asset turnover 3.0
- 3Inventory turnover 12.0; Gross margin 33.33%; Asset turnover 4.0
- 4Inventory turnover 16.0; Gross margin 33.33%; Asset turnover 4.0✓
Correct answer
Inventory turnover 16.0; Gross margin 33.33%; Asset turnover 4.0
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