Revenue = Rs. 9,00,000, Gross Profit Ratio = 40%, Opening Inventory = Rs. 80,000, Closing Inventory is 25% higher. Find Inventory Turnover Ratio.
1
5 times
2
6 times
3
4.5 times
4
5.5 times
Revenue = Rs. 9,00,000, Gross Profit Ratio = 40%, Opening Inventory = Rs. 80,000, Closing Inventory is 25% higher. Find Inventory Turnover Ratio.
5 times
6 times
4.5 times
5.5 times