From the following details, calculate :
(i) Opening Inventory,
(ii) Closing Inventory,
(iii) Trade Receivables Turnover Ratio.
Cost of revenue from operations 4,00,000, Gross profit 20% on sales, Stock turnover ratio 5 times, Closing inventory is 32,000 in excess of opening inventory, Opening Trade receivables is 50,000, Closing Trade receivables are 1.5 times from Opening Trade receivables.
