Question: (a) From the following data for the year ended 31st Dec, 2017, calculate the inventory turnover ratio of the two items, and put forward

(a) From the following data for the year ended 31st Dec, 2017,

(a) From the following data for the year ended 31st Dec, 2017, calculate the inventory turnover ratio of the two items, and put forward your comments on them. Opening stock on 1-1-2017 Purchase during the year 2017 Closing on 31-12-2017 Material A Amount (3) 25,000 72,000 6,000 Material B Amount () 15,000 57,000 11,000

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