From the following information, Calculate Inventory Turnover Ratio: Credit Revenue from Operations ₹ 6,00,000; Cash Revenue from Operations ₹ 2,00,000
From the following information, Calculate Inventory Turnover Ratio: Credit Revenue from Operations ₹ 6,00,000; Cash Revenue from Operations ₹ 2,00,000, Gross Profit 25% of Cost, Closing Inventory was 3 times the Opening Inventory was 10% of cost of Revenue from Operations.
[Ans.: Inventory Turnover Ratio = 5 Times.]
Anurag Pathak Changed status to publish August 14, 2023
