From the following information, determine the Opening and Closing Inventories Inventory Turnover Ratio 5 Times

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Anurag Pathak24.20K March 12, 2024 0 Comments

From the following information, determine the Opening and Closing Inventories:

Inventory Turnover Ratio 5 Times; Total Sales ₹ 2,00,000; Rate of Gross Profit on Sales 25%. Closing Inventory is more by ₹ 4,000 than the Opening Inventory.

Anurag Pathak Changed status to publish March 12, 2024

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Anurag Pathak24.20K Posted March 13, 2024 0 Comments

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