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uestion 33 lot yet answered larked out of 1.00 Flag question Answer the question based the data given below Opening Stock 20000 Closing Stock 25000 110000 Net purchases Manufacturing expenses 30000 What will be the cost of goods sold? O a. 185000 O b. 150000 O c. 145000 O d. 135000 Question 34 Not yet answered Marked out of 1.00 P Flag question Which of the following statement is true about inventory turnover ratio? a. High ratio indicates low efficiency of management O b. Low ratio indicates high efficiency of management O c. High ratio indicates quick conversion of stock into sales O d. High ratio indicates quick conversion of sales into cash Question 35 Not yet answered Marked out of 1.00 P Flag question Which of the following formulae will be used for calculating Inventory Turnover ratio? O a. Cost of goods sold X Average stock O b. Average stock / Cost of goods sold O c. Net credit purchase / Opening stock O d. Cost of goods sold / Average stock