Mathematics · Accounting Ratios
Given the following financial data for a business borrower for the financial year 2024-2025: - Opening Inventory: Rs. 1,20,000 - Closing Inventory: Rs. 1,80,000 - Purchases: Rs. 8,50,000 - Carriage Inward: Rs. 30,000 - Direct Wages: Rs. 50,000 - Sales Returns: Rs. 40,000 - Total Sales (Gross): Rs. 15,00,000 Calculate the Inventory Turnover Ratio for the year.
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