CUET AccountancyFinancial Statements > Easy8.18 times8.23 : 18.18%8.81 : 1✅ Correct Option: 1Related questions:14 May Shift 1_________ are especially interested in the average payment period, since it provides them with a sense of the bill-paying patterns of the firm.15 May Shift 1A trader carries an average inventory of Rs. 40,000. His inventory turnover ratio is 8 times. If he sells goods at a profit of 20% on Revenue from operations, find out the gross profit.3 June Shift 2To assess the long term solvency of the business, which of the following ratios are needed? (A) Interest coverage ratio (B) Proprietary ratio (C) Acid test ratio (D) Debt to capital employed ratio Choose the correct answer from the options given below: