Question
Calculate the Inventory Turnover Ratio given: · Opening Stock: ₹40,000; · Closing Stock: ₹20,000; · Sales: ₹4,00,000; · Gross Profit Margin: 25% on Sales.
Calculate the Inventory Turnover Ratio given: · Opening Stock: ₹40,000; · Closing Stock: ₹20,000; · Sales: ₹4,00,000; · Gross Profit Margin: 25% on Sales.
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