Stock turnover: 6 times Total sales: ₹3,00,000 Gross profit ratio: 20% Closing stock: ₹4,000 more than opening stock The opening stock is —
CS Executive · Cost and Management Accounting · PYQS · June 2016
Stock turnover: 6 times Total sales: ₹3,00,000 Gross profit ratio: 20% Closing stock: ₹4,000 more than opening stock The opening stock is —
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Financial Statement Analysis
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