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in Accounts by (122k points)
If opening inventory is Rs 1,20,000, Cost of Revenue from Operations is Rs 10,00,000 and Inventory Turnover Ratio is 5 Times, then Closing Inventory will be
A. Rs 3,20,000
B. Rs 2,80,000
C. Rs 1,60,000
D. Rs 4,00,000

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1 Answer

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by (122k points)
Correct Answer - B

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