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A company has a capital employed ₹ 12,00,000. Net fixed asset ₹ 8,00,000. Cost of goods sold ₹ 40,00,000. Gross profit is 20% on cost. Compute working capital turnover ratio? a) 16 times b) 12 times c) 10 times d) 18 times |
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Answer» Correct option is b) 12 times |
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