Financial statement of X Ltd. shows the following data — ₹ Opening stock 1,50,000 Total purchases (including cash purchases of ₹1,75,000) 10,50,000 Closing stock 1,20,000 Stock turnover ratio is —
CS Executive · Cost and Management Accounting · PYQS · December 2015
Financial statement of X Ltd. shows the following data — ₹ Opening stock 1,50,000 Total purchases (including cash purchases of ₹1,75,000) 10,50,000 Closing stock 1,20,000 Stock turnover ratio is —
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Material Costing
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