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Opening inventory 140000 closing inventory 260000 …

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Opening inventory 140000 closing inventory 260000 revenue from operation 3000000 gross profit is 33 1/3 % on cost of revenue from operations calculate inventory turnover ratio .

    • Posted by Mahi Gupta 3 years, 7 months ago

    CBSE > Class 12 > Accountancy
    • 3 answers

    Mahi Gupta 3 years, 7 months ago

    Correct answer is 11.25 times But how I don't know ??

    0Thank You

    Shourya Singh 3 years, 7 months ago

    5 times

    0Thank You

    Shreyansh Jain 3 years, 7 months ago

    COGS=2000000 Average inventory =400000 ITR= 2000000÷400000=5times

    0Thank You

    ANSWER
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