Q1102
A firm has inventory turnover of 6 and cost of goods sold is Rs. 7,50,000. With better inventory management, the inventory turnover is increased to 10. This would result in:
A.
Increase in inventory by Rs. 50,000
B.
Decrease in inventory by Rs. 50,000
AnswerC.
Decrease in cost of goods sold
D.
Increase in cost of goods sold
Answer: Option B
Solution
Answer: Option B
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