12th Class Accountancy Accounting Ratios Question Bank MCQs - Accounting Ratios

  • question_answer
    Opening Inventory 28,000.
    Closing Inventory 52,000
    Cost of Revenue from Operations 6,00,000
    Gross Profit 25 % on cost of revenue from operations
    Inventory Turnover ratio will be:

    A) 17.75 times

    B) 18.75 times

    C) 15 times

    D) 16 times

    Correct Answer: C

    Solution :

    15 times

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