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Commerce · Q425

Accounting

Graduate and Post Graduate · Commerce · question 425

Q425

If the cost of goods sold is Rs. 1 lakh, the value of opening and closing is Rs. 20,000 and Rs. 30,000 respectively, the stock turnover ratio will be:

A.
3.3 times
B.
4 times
Answer
C.
5 times
D.
5.5 times

Answer: Option B

Solution

Answer: Option B
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