Determine Stock Turnover Ratio if, Opening stock is Rs 31,000, Closing stock is Rs 29,000, Sales is Rs 3,20,000 and Gross profit ratio is 25% on sales.

A. 12 times
B. 11 times
C. 8 times
D. 10 times
Answer» C. 8 times
View all MCQs in:   Management Accounting


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