Q1956
A firms has inventory turnover of 3 and cost of goods sold is Rs. 2,70,000. With better inventory management, the inventory turnover is increased to 5. This would result in
A.
Increase in inventory by Rs. 54,000
B.
Decrease in inventory by Rs. 36,000
AnswerC.
Increase in cost of goods sold by Rs. 20,000
D.
Decrease in inventory by Rs. 90,000
Answer: Option B
Solution
Answer: Option B
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