If opening inventory is ₹1,20,000, Cost of Revenue from Operations is ₹10,00,000 and the Inventory Turnover Ratio is 5 Times, then what will be the Closing Inventory?

₹280000

Average inventory= cost of revenue from operations/ inventory turnover ratio
                          = 1000000/5
                          = ₹200000
 Average inventory= (Opening + closing)/2
           200000     =  (120000+closing)/2
 Closing inventory= 400000-120000
                          = ₹280000