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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