Question
Following information is given to you: oir gaiaolo brus on (I) Inventory Turnover Ratio 5 Times (II) Inventory at the end is 5,000 more
Following information is given to you: oir gaiaolo brus on (I) Inventory Turnover Ratio 5 Times (II) Inventory at the end is 5,000 more than the inventory in the beginnin (III) Revenue from Operations (all credit) 2,00,000 (IV) Gross Profit Ratio 1/4 on cost. 25%. (V) Current Liabilities 60,000 (VI) Quick Ratio 0.75. Calculate (i) Cost of Revenue from Operations, (ii) Opening Inventor Closing inventory, and (iii) Quick Assets and Current Assets.
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Payroll Accounting
Authors: Bernard J. Bieg, Judith A. Toland
2013 edition
113396253X, 978-1133962533
