VC yu t 4 .- VG 30 my Le twor sta f ml ACCOUNTING RATIOS 5.137 54. From the following information, calculate Inventory Turnover Ratio : Purchases 310,00,000; Revenue from Operations (Sales) 312,00,000; Direct Expenses 48,000; Gross Profit Ratio 15% on Revenue from Operations; Closing Inventory 1,64,000. Ans. Opening Inventory 21,36,000; Inventory Turnover Ratio 6.8 times)
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