Discussion Forum : Accounting Ratios
Question -
Employee Benefit expenses is 10,000;
Cost of revenue from operation = 60,000;
Opening Inventory is 30,000 and
Average Inventory is 20,000.
Calculate Inventory Turnover Ratio
Answer: Option B
:
B
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:
B
Inventory Turnover Ratio = 60,000 / 20,000 = 3 times
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