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


    ⚡ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug ⚡ Enroll Now

    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

    Not sure which exam is best for you Talk to our expert

    Get My Free Call