Calculate the Cost of Goods Sold from the data given below Stock at the begining of the year Rs.20,000 Stock at the end of the year Rs.10,000 Purchases Rs.50,000 Carriage Inwards Rs.5,000 Sales Rs.1,00,000
Rs.25,000
Rs.50,000
Rs.65,000
Rs.75,000
Inventory Turnover Ratio can also be converted into number of days.It is known as______________
Average Stock
Average age of Inventory
Average Collection Period
None of these
