Question

if average stock is 30000 and closing stock is 10000 more than the opening stock is opening stock will be​

Answer 1

Answer:

Correct option is

C

4 times

Stock turnover ratio = Cost of goods sold/ average inventory

Cost of goods sold = Rs.2,20,000

Average Inventory= [Opening inventory + Closing Inventory]/2

= [50000+60000] / 2

= Rs.55000

Now,

Stock turnover ratio = 220000/55000

= 4 times.

Video Explanation

Solution to Question ID 760734