Calculate the material turnover ratio for the year 2008 from the following information: Opening Stock Closing Stock
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Calculate the material turnover ratio for the year 2008 from the following information:
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Opening Stock Closing Stock Purchases Determine the fast moving material Material X (Rs.) 25,000 15,000 1,90,000 Material Y (Rs.) 87,500 62,500 1,25,000
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The material turnover ratio also known as inventory turnover ratio is a measure of how efficiently a ...View the full answer
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