Cost of Goods Sold is ₹90 Lakh, Purchases are ₹96 Lakh and Closing Stock is ₹18 Lakh, then Stock Turnover Ratio will be :
CS Executive · Cost and Management Accounting · PYQS · December 2018
Cost of Goods Sold is ₹90 Lakh, Purchases are ₹96 Lakh and Closing Stock is ₹18 Lakh, then Stock Turnover Ratio will be :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Ratio Analysis
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