From the following information obtained from the books of Kundan Ltd., calculate the inventory turnover ratio...
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From the following information obtained from the books of Kundan Ltd., calculate the inventory turnover ratio for the years 2015-16 and 2016-17: 2015-16 2016-17 Rs. Rs. Inventory on 31st March 7,00,000 17,00,000 Revenue from operations50, 00, 00075,00,000 from operations) In the year 2015-16, inventory increased by Rs. 2, 00, 000 (Gross profit is 25% on cost of revenue From the following information obtained from the books of Kundan Ltd., calculate the inventory turnover ratio for the years 2015-16 and 2016-17: 2015-16 2016-17 Rs. Rs. Inventory on 31st March 7,00,000 17,00,000 Revenue from operations50, 00, 00075,00,000 from operations) In the year 2015-16, inventory increased by Rs. 2, 00, 000 (Gross profit is 25% on cost of revenue
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Related Book For
Fundamental Statistics for the Behavioral Sciences
ISBN: 978-1285076911
8th Edition
Authors: David C. Howell
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