Cost of Revenue from Operations (Cost of Goods Sold) ₹ 5,00,000; Purchases ₹ 5,50,000; Opening Inventory ₹ 1,00,000.
Cost of Revenue from Operations (Cost of Goods Sold) ₹ 5,00,000; Purchases ₹ 5,50,000; Opening Inventory ₹ 1,00,000.
Calculate Inventory Turnover Ratio.
[Ans.: Inventory Turnover Ratio = 4 Times.]
[Hint: Closing Inventory = Opening Inventory + Purchases – Cost of Revenue from Operations (Cost of Goods Sold).]
Anurag Pathak Changed status to publish August 14, 2023
