From the following data, calculate Inventory Turnover Ratio: Cost of goods sold ₹ 3,00,000, Purchases ₹ 3,30,000, opening stock ₹ 60,000.
CS Executive · Corporate and Management Accounting · PYQS · June 2023
From the following data, calculate Inventory Turnover Ratio: Cost of goods sold ₹ 3,00,000, Purchases ₹ 3,30,000, opening stock ₹ 60,000.
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Financial Statement Analysis
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