Question

During the financial year, a firm incurred a Cost of Goods Sold (COG

  • S of ₹10,00,000. If its opening inventory was ₹1,80,000 and closing inventory was ₹2,20,000, calculate the Inventory Turnover Ratio, rounded to two decimal places.
A 2
B 5
C 10
D 7
E 6
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)