Calculate Inventory Turnover Ratio from the following: Opening Inventory 58,000 Closing Inventory 62,000
Calculate Inventory Turnover Ratio from the following:
[Ans.: Inventory Turnover Ratio = 8 Times.]
| Opening Inventory | 58,000 |
| Closing Inventory | 62,000 |
| Revenue from Operations,i.e., Net Sales | 6,40,000 |
| Gross Profit Ratio 25% |
Anurag Pathak Changed status to publish August 14, 2023
