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Commerce · Q1053

Accounting

Graduate and Post Graduate · Commerce · question 1053

Q1053

If the cost of goods sold is Rs. 1,00,000, the value of opening stock is Rs. 20,000 and closing stock is Rs. 80,000, then the stock turnover ratio will be:

A.
5 times
B.
4 times
C.
2 times
Answer
D.
1 times

Answer: Option C

Solution

Answer: Option C
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