Question

PO Ltd made total sales of  ₹1,00,00,000  for which the  Cost of Goods Sold  was  ₹ 70,00,000 . If the  Inventory  at end of previous year  was  ₹15,00,000  and  at end of current year   was  ₹25,00,000 , w hat is the Inventory Turnover Ratio  of PO Ltd ?   

A 2.80
B 3.50
C 1.20
D 1.50
E 4.67
Practice Next

Hey! Ask a query