Question

29. The annual sales of a departmental store are * 2,50,000. Cost of Sales 1,60,000. Selling,
administrative expenses are * 40,000. An average inventory amounting to 40,000 is maintained
a. what as the present rate of stock turnover?
b. If sales are increased to 3,00,000; Cost of sales to 1,80,000; average inventory remaining the same, what would be the new rate of turnover.
(c) If sales remain * 2,50,000 and cost of sales * 1,60,000 but inventory can be reduced by more careful control to 32000what would be the new rate of turnover​

Answer 1

Answer:

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Answer 2

Answer:

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Explanation:

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