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Opening Inventory `1,00,000; Closing Inventory `1,50,000; Purchases `6,00,000; Carriage `25,000; wages `2,00,000. Inventory Turnover Ratio will be:

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Opening Inventory `1,00,000; Closing Inventory `1,50,000; Purchases `6,00,000; Carriage `25,000; wages `2,00,000. Inventory Turnover Ratio will be:

 Options:

(A) 6.6 Times
(B) 7.4 Times
(C) 7 Times
(D) 6.2 Times

 

The Correct Answer Is:

  • (D) 6.2 Times

 

Conclusion

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