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From the following details, Calculate Inventory Turnover Ratio:
Cost of Revenue from Operations (Cost of Goods Sold) ₹ 9,00,000
Inventory in the beginning of the year ₹ 2,50,000
Inventory at the close of the year ₹ 3,50,000
[Ans.: Inventory Turnover Ratio = 3 Times.]
Anurag Pathak Changed status to publish August 14, 2023
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