Compute the materials turnover ratio for materials A and B and comment upon the results. Opening stock
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Compute the materials turnover ratio for materials A and B and comment upon the results.
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Opening stock Purchase during the year Closing stock Materials A (Rs.) 10,000 76,000 6,000 Materials B (Rs.) 35,000 50,000 25,000
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From the above results it can be said that materials A are very fast moving mater...View the full answer
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