From the following information, determine opening and closing inventories Inventory Turnover Ratio 5 Times
From the following information, determine opening and closing inventories:
Inventory Turnover Ratio 5 Times, Total Sales ₹ 2,00,000, Gross Profit Ratio 25%. Closing Inventory is more by ₹ 4,000 than the Opening Inventory.
Anurag Pathak Changed status to publish March 12, 2024