Question

what is used as a measure of efficiency of a firm how is it ascertained class 11​

Answer 1

$<p style="color:cyan;font-family:cursive;background :black;font-size:25px;">.Answer: Inventory Turnover Ratio: This ratio is computed to determine theefficiency with which the stock isused. This ratio is based on the relationship between cost of goods sold and average stock kept during the year.</p>$