Revenue from Operations ₹ 4,00,000; Gross Profit ₹ 1,00,000; Closing Inventory ₹ 1,20,000; Excess of Closing Inventory over Opening Inventory ₹ 40,000. Calculate Inventory Turnover Ratio.
Revenue from Operations ₹ 4,00,000; Gross Profit ₹ 1,00,000; Closing Inventory ₹ 1,20,000; Excess of Closing Inventory over Opening Inventory ₹ 40,000. Calculate Inventory Turnover Ratio.
[Ans.: Inventory Turnover Ratio = 3 Times.]
Anurag Pathak Changed status to publish August 14, 2023
