For the financial year ended 31 st March 2015, the figures extracted from the balance sheet of Excel Ltd. are as under: Opening stock: ₹29,000 Closing stock: ₹31,000 Purchases: ₹2,42,000. The stock turnover ratio will be
CS Executive · Cost and Management Accounting · PYQS · June 2015
For the financial year ended 31 st March 2015, the figures extracted from the balance sheet of Excel Ltd. are as under: Opening stock: ₹29,000 Closing stock: ₹31,000 Purchases: ₹2,42,000. The stock turnover ratio will be —
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Financial Analysis
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