Question

HLtd., has furnished the following data for the year
ended March 31, 2013:Particulars Sales Rs.
30,00,000Average Inventory Rs 5,00,000Gross profit
Rs 12,00,000Inventory turnover ratio of H Ltd., for the
year ended March 31, 2013 was
O a. 3.60 times
O b. 6.00 times
O c. 2.40 times
O d. 1.67 times​

Answer 1

Explanation:

b 6.00 times

I think because average inventory add with gross profit.