For a firm:
Starting Stock - Rs. 32,000
Last Stock - Rs. 34,000
Sales - Rs. 4,40,000
Gross Profit Ratio - 25% of the firm's stock turnover ratio on sales is
1
8.0
2
8.5
3
9.0
4
10.0
For a firm:
Starting Stock - Rs. 32,000
Last Stock - Rs. 34,000
Sales - Rs. 4,40,000
Gross Profit Ratio - 25% of the firm's stock turnover ratio on sales is