Looking for the answer to the question below related to Ratio Analysis ?
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:
|(A) 6.6 Times
(B) 7.4 Times
(C) 7 Times
(D) 6.2 Times
The Correct Answer Is:
- (D) 6.2 Times
I hope you got the answer to your question.