Pina Ltd's. purchases are ₹1,155 Lakh, Sales ₹1,530 Lakh, Closing stock ₹174 Lakh and opening stock ₹158 Lakh. If the rate of gross profit is 25% on cost, then Inventory Turnover Ratio will be :
CS Executive · Cost and Management Accounting · PYQS · December 2021
Pina Ltd's. purchases are ₹1,155 Lakh, Sales ₹1,530 Lakh, Closing stock ₹174 Lakh and opening stock ₹158 Lakh. If the rate of gross profit is 25% on cost, then Inventory Turnover Ratio will be :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Financial Statement Analysis
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