Sales of A Limited during the Year Is RS 850000. Gross Profit is RS 40000. Closing Stock
is Rs 210000, Opening Stock is Rs 130000, Calculate Stock Turnover Ratio.
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Step-by-step explanation:
Cost of Goods Sold = Opening Stock + Purchases + Closing Stock
= 40,000 + 3,20,000 − 1,20,000 = 2,40,000
(a) Sale of goods for Rs 40,000 (Cost Rs 32,000)- Increase
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