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    • Question

      A company has Net Sales = ₹80 lakh, Cost of Goods Sold

      = ₹60 lakh, Inventory = ₹15 lakh. What is Inventory Turnover Ratio?
      A 4 times Correct Answer Incorrect Answer
      B 5.33 times Correct Answer Incorrect Answer
      C 6.67 times Correct Answer Incorrect Answer
      D 3.5 times Correct Answer Incorrect Answer

      Solution

      Inventory Turnover = COGS / Inventory = ₹60L / ₹15L = 4

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