Mathematics · Ratio Analysis
Calculate the Inventory Turnover Ratio from the following financial information and identify its correct mathematical format: Inventory at the beginning: ₹18,000 Inventory at the end: ₹22,000 Net purchases: ₹46,000 Wages: ₹14,000 Carriage inwards: ₹4,000
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 13:1 (Simple proportion)
- 233.3% (Percentage)
- 33 times a year (Rate or velocity)✓
- 40.33 times a year (Rate or velocity)
Correct answer
3 times a year (Rate or velocity)
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