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when opening stock is 50,000, closing stock 60,000 and cost of goods sold is 2,20,000 then stock turnover ratio is- |
| Answer» STOCK Turnover Ratio = 4 timesExplanation:GIVEN :Opening Stock = 50,000Closing Stock = 60,000Cost of Goods Sold = 2,20,000To find : Stock Turnover Ratio SOLUTION :★ Stock Turnover Ratio =Cost of Goods Sold / AVERAGE StockAverage Stock = Opening Stock + CLOSING Stock / 2⇒ 55,000Average Stock = 55,000★ Stock Turnover Ratio :Cost of Goods Sold = 2,20,000Average Stock = 55,000Stock Turnover Ratio =⇒ 4 timesTherefore,Stock Turnover Ratio = 4 times | |