From the following information of Ajanta Ltd., calculate ‘Inventory Turnover Ratio’:
| Particulars | Rs. |
|---|---|
| Opening inventory | 19,000 |
| Closing inventory | 21,000 |
| Purchases | 80,000 |
| Wages | 9,000 |
| Carriage Outwards | 2,000 |
| Return Outwards | 1,000 |
| Revenue from operations | 80,000 |
| Carriage inwards | 4,000 |
| Rent paid | 5,000 |
Marks-3, CBSE: 2023-24/Zone-5/Set-1/Q-32
Answer :
