30. From the following information obtained from the books of Kundan Ltd., calculate the inventory turnover ratio for the years 2015 − 16 and 2016 – 17:
| 2015 – 16 Rs. | 2016 – 17 Rs. | |
|---|---|---|
| Inventory on 31st March | 7,00,000 | 17,00,000 |
| Revenue from operations | 50,00,000 | 75,00,000 |
(Gross profit is 25% on cost of revenue from operations)
In the year 2015 − 16, inventory increased by Rs. 2,00,000.
Marks-4, CBSE:2017-18/Main/Q-21