Calculate Inventory Turnover Ratio from the following information: Opening Inventory is ₹ 50,000; Purchases ₹ 3,90,000
Calculate Inventory Turnover Ratio from the following information:
Opening Inventory is ₹ 50,000; Purchases ₹ 3,90,000; Revenue from Operations, i.e., Net Sales ₹ 6,00,000; Gross Profit Ratio 30%.
[Ans.: Inventory Turnover Ratio = 12 Times.]
Anurag Pathak Changed status to publish August 14, 2023
