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
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