Model: Inventory turnover ratio
From the following data compute inventory turnover:
|
Material A |
Material B |
|
|
Opening stock |
1,000 |
1,500 |
|
Purchases made during the year |
2,000 |
2,500 |
|
Closing stock |
500 |
1,000 |
Model: Inventory turnover ratio
From the following data compute inventory turnover:
|
Material A |
Material B |
|
|
Opening stock |
1,000 |
1,500 |
|
Purchases made during the year |
2,000 |
2,500 |
|
Closing stock |
500 |
1,000 |