From the following information, Calculate Inventory Turnover Ratio: Opening Inventory ₹ 2,00,000
From the following information, Calculate Inventory Turnover Ratio:
[Ans.: Inventory Turnover Ratio = 5 Times.]
| Opening Inventory | ₹ 2,00,000 |
| Purchases | ₹ 4,60,000 |
| Carriage Inwards | ₹ 20,000 |
| Closing Inventory | ₹ 60,000 |
| Wages | ₹ 30,000 |
| Freight Outwards | ₹ 37,500 |
Anurag Pathak Changed status to publish August 14, 2023
