Determine stock turnover ratio if, Opening stock is Rs 31,000 , Closin – McqOptions

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1.	Determine stock turnover ratio if, Opening stock is Rs 31,000 , Closing stock is Rs 29,000, Sales is Rs3,20,000 & Gross profit ratio is 25% on sales.
A.	31 times
B.	11 times
C.	8 times
D.	32 times
Answer» D. 32 times

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