What will be the stock turnover ratio if opening stock is ₹ 50,000, closing stock ₹ 60,000 and the cost of goods sold is ₹ 2,20,000?

4 times

Inventory Turnover Ratio = Cost of Revenue from Operations/ Average Inventory
                                           = 220000/55000
                                          =  4 times

              Average inventory = (50000 + 60000) / 2
                                          = ₹55000