📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store

    • Question

      A firm’s net sales are ₹5 crore, and cost of goods

      sold is ₹3.5 crore. Inventory at the start of the year was ₹80 lakhs and at the end ₹1.2 crore. Calculate the Inventory Turnover Ratio.
      A 3 times Correct Answer Incorrect Answer
      B 4.2 times Correct Answer Incorrect Answer
      C 3.5 times Correct Answer Incorrect Answer
      D 2.5 times Correct Answer Incorrect Answer

      Solution

      ITR = COGS / Avg Inventory = ₹3.5 Cr / ₹1 Cr = 3.5 times

      Practice Next
      ask-question