Practicing Success
Opening Inventory Rs1,00,000; Closing Inventory Rs1,50,000; Purchases Rs6,00,000; Carriage Rs25,000; Wages Rs2,00,000. Inventory Turnover Ratio will be : |
6.6 Times 7.4 Times 7 Times 6.2 Times |
6.2 Times |
Cost of Revenue from Operation = Purchases + (Opening Inventory – Closing Inventory) + Direct Expenses |