Question

76. From the following Information, calculate Inventory Turnover Ratio:
Credit Revenue from Operations 3,00,000; Cash Revenue from Operations * 1,00,000, Gross Profit 25
of Cost, Closing Inventory was 3 times the Opening Inventory. Opening Inventory was 10% of Cost of
Revenue from Operations.
[Inventory Turnover Ratio = 5 Times
1​

Answer 1

Answer:

300000-100000-25 of the cost - 3x+10%

Explanation:

Than you solve this answer is (Inventory Turnover Ratio =5 times 1)

It is a correct answer