Looking for the answer to the question below related to Ratio Analysis ?
Revenue from Operations `2,00,000; Inventory Turnover ratio 5; Gross Profit 25%. Find out the value of Closing Inventory, if Closing Inventory is `8,000 more than the Opening Inventory.
Options:
| (A) `38,000 (B) `22,000 (C) `34,000 (D) `26,000 |
The Correct Answer Is:
- (C) `34,000
Conclusion
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