Question

Q. 81. Opening Inventory 340,000; Purchase 4,00,000; Purchase Return 12,000, what will be Inventory turnover ratio if Closing Inventory is less than Opening Inventory by 8,000? (A) 9 Times (B) 10.78 Times (C) 11 Times (D) 8.82 Times​

Answer 1

A

9 Times

B

10.78 Times

C

11 Times

D

8.82 Times

Answer

C