From the following data, Calculate Inventory Turnover Ratio: Total Sales ₹ 10,00,000; Sales Return ₹ 1,00,000
From the following data, Calculate Inventory Turnover Ratio:
Total Sales ₹ 10,00,000; Sales Return ₹ 1,00,000; Gross Profit ₹ 1,80,000; Closing Inventory ₹ 2,00,000; Excess of Closing Inventory over Opening Inventory ₹ 40,000.
[Ans.: Inventory Turnover Ratio = 4 Times.]
Anurag Pathak Changed status to publish August 14, 2023
