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Opening Inventory ₹ 60,000; Closing Inventory ₹ 36,000. Inventory Turnover Ratio is 8 times

396 viewsMarch 12, 2024[ISC] Ratio Analysis

Anurag Pathak28.60K March 12, 2024 0 Comments

Opening Inventory ₹ 60,000; Closing Inventory ₹ 36,000. Inventory Turnover Ratio is 8 times. Selling Price 25% above cost. Calculate Gross Profit Ratio.

Anurag Pathak Changed status to publish March 12, 2024

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Anurag Pathak28.60K Posted March 12, 2024 0 Comments

Solution:-

Anurag Pathak Changed status to publish March 12, 2024

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Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

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Opening Inventory ₹ 60,000; Closing Inventory ₹ 36,000. Inventory Turnover Ratio is 8 times

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

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