Cost of Goods Sold – Rs. 3,00,000 Stock Turnover Ratio – 6 times Find out the value of Opening Stock, if Opening Stock is Rs. 10,000 less than the Closing Stock.

Question

Stock Turnover Ratio = Cost of Goods Sold / Average StockGiven:Cost of Goods Sold = Rs. 3,00,000Stock Turnover Ratio = 6...

Accepted Answer

Stock Turnover Ratio = Cost of Goods Sold / Average StockGiven:Cost of Goods Sold = Rs. 3,00,000Stock Turnover Ratio = 6...