alleryStart learning →COGS Rs 12,00,000; opening stock Rs 3,00,000, closing Rs 5,00,000. Inventory turnover?
A2.4 times
B4 times
C3 times
D2 times
Answer & Solution
Correct answer: C. 3 times
Average stock is 4,00,000, and 12,00,000 divided by 4,00,000 is 3 times.
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