A company has an inventory turnover ratio of 1.05 times, and cost of goods sold of Rs. 50,000. Calculate the average inventory of the company
Inventory turnover ratio = CGS/ average inventory = 50,000 / 1.05 = 47619
355 MCQ for effective preparation of the test of Financial Statement Analysis of Accounting section.
Read the MCQ statement: A company has an inventory turnover ratio of 1.05 times, and cost of goods sold of Rs. 50,000. Calculate the average inventory of the company , keenly and apply the method you have learn through the video lessons for Financial Statement Analysis to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 325-327.