Is inventory a fixed asset?

Q. From the following information calculate
(i) Gross Profit Ratio
(ii) Inventory Turnover Ratio
(iii) Current Ratio
(iv) Liquid Ratio
(v) Net Profit Ratio
(vi) Working Capital Ratio

$$\begin{array}{cc}\text{Items}& \text{Rs.}\\ \text{Sales}& 25,20,000\\ \text{Net Profit}& 3,60,000\\ \text{Cost of Sales}& 19,20,000\\ \text{Long term Debts}& 9,00,000\\ \text{Creditors}& 2,00,000\\ \text{Average Inventory}& 8,00,000\\ \text{Current Assets}& 7,60,000\\ \text{Fixed Assets}& 14,40,000\\ \text{Current Liabillities}& 6,00,000\\ \text{Net Profit Before Interest and Tax}& 8,00,000\end{array}$$

Q.

Cash = Rs. 1,000, Debtors = Rs. 5,000, Inventories = Rs. 4,000, Capital+Liabilities = Rs. 15,000. What is the amount of fixed assets?

Q. Current Ratio 4; Liquid Ratio 2.5; Inventory ₹ 6,00,000. Calculate Current Liabilities, Current Assets and Liquid Assets.

Q.

Calculate Return on Investment Ratio and Investment Ratio and Inventory Turnover Ratio from the figures given below :

$\begin{array}{cc}& \text{Rs.}\\ \text{Opening Inventory}& 30,000\\ \text{Closing Inventory}& 40,000\\ \text{Carriage Inwards}& 10,000\\ \text{Purchases}& 1,00,000\\ \text{Current Assets}& 50,000\\ \text{Current Liabilities}& 20,000\\ \text{Non Current Assets}& 80,000\\ \text{Indirect Expenses}& 15,000\\ \text{Revenue from Operations}& 2,00,000\end{array}$

Q. A basic cost accounting method in which fixed factory overhead is added to inventory is