Calculate the material turnover ratio for year 2009 from the following details:
|
Material A Rs. |
Material B Rs. |
|
|
Opening stock |
25,000 |
87,500 |
|
Closing stock |
15,000 |
62,500 |
|
Purchases |
1,90,000 |
1,25,000 |
Calculate:
- Material turnover ratio
- Fast-moving materials