Cost of goods sold is Rs 4,00,000 and average stock is Rs 80,000. Stock turnover ratio will be
5 times
3 times
4 times
7 times
Gross profit can be ascertained by deducting cost of goods sold from
Purchases
Opening stock
Sales
Closing stock
Proprietary ratio shows the relationship between ___ and total tangible assets.
Shareholders fund/ proprietors fund
Share capital
Goodwill
Fixed assets