A) Rs. 3,20,000
B) Rs. 2,80,000
C) Rs. 1,60,000
D) Rs. 4,00,000
Correct Answer: B
Solution :
[b] Rs. 2,80,000 Hint Inventory Turnover Ratio =\[\frac{Cost of Revenue from Operations\,}{Average Inventory}\] |
\[5=\frac{10,00,000\,}{Average Inventory}\] |
Average Inventory = Rs. 2,00,000 |
Average Inventory =\[\frac{Opening Inventory + Closing Inventory\,}{2}\] |
\[2,00,000=\frac{1,20,000+\operatorname{CI}\,}{2}\] |
Closing Inventory = Rs. 2,80,000 |
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