For the financial year ended as on March 31, 2013 the figures extracted from the balance sheet of
Xerox Limited as under:
Opening Stock Rs. 29,000; Purchases Rs. 2,42,000; Sales Rs. 3,20,000; Gross Profit 25% of Sales.
Stock Turnover Ratio will be :-
(a) 8 times
(b) 6 times
(c) 9 times
(d) 10 times
Xerox Limited as under:
Opening Stock Rs. 29,000; Purchases Rs. 2,42,000; Sales Rs. 3,20,000; Gross Profit 25% of Sales.
Stock Turnover Ratio will be :-
(a) 8 times
(b) 6 times
(c) 9 times
(d) 10 times