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    • Question

      COGS is ₹30 lakh and average inventory is ₹5 lakh.

      What is inventory turnover ratio?
      A 4 times Correct Answer Incorrect Answer
      B 5 times Correct Answer Incorrect Answer
      C 6 times Correct Answer Incorrect Answer
      D 7 times Correct Answer Incorrect Answer
      E 8 times Correct Answer Incorrect Answer

      Solution

      Inventory Turnover = COGS / Avg Inventory = ₹30 lakh / ₹5 lakh = 6 times

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