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Inventory moved Rs. 40,000 to Rs. 60,000; cost of revenue Rs. 3,00,000. Inventory turnover?
A5 times
B6 times
C7.5 times
D10 times
Answer & Solution
Correct answer: B. 6 times
Average inventory is 50,000 and 3,00,000 divided by 50,000 gives 6 times.
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