Cash revenue from Operations ₹ 1,00,000; Credit Revenue from Operations ₹ 3,00,000. Gross profit 30% on Revenue from Operations; Inventory turnover Ratio = 2 times. If the opening Inventory is 75% of Closing Inventory and Closing Inventory is 30% of Revenue from Operations1. Calculate the cost of Revenue from Operations? i) ₹ 3,00,000 ii) ₹ 1,20,000 iii) ₹ 4,00,000iv) ₹ 2,80,000 2. Find Average Inventory? i) ₹ 2,00,000 ii) ₹ 60,000 iii) ₹ 1,05,000 iv) ₹ 1,50,000 3. What is effect of increase in value of closing inventory by ₹ 20,000, If the inventory turnover ratio is three times? i) Increase ii) Decrease iii) Neither increase nor decrease iv) May or may not increase 4. Find the opening inventory and closing inventory if opening inventory is 75% of closing inventory and closing inventory is 30% of revenue from operations. i) ₹ 90,000 & ₹ 1,20,000 ii) ₹ 1,20,000 & ₹ 90,000 iii) ₹ 3,00,000 & ₹ 1,00,000 iv) ₹ 1,00,000 & ₹ 2,00,000