Question
Company A has inventory turnover 6 times and average
inventory ₹4,00,000. Annual cost of goods sold is:Solution
Inventory Turnover = COGS / Average Inventory. Therefore, COGS = Inventory Turnover × Average Inventory = 6 × 4,00,000 = ₹24,00,000.
A is younger than B by 4 years. If the ratio of A and B ages is 5:7 respectively, then find the age of A.
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