Inventory turnover ratio= COGS/Avg inventory
If only closing inventory given =20000
Now avg inventory amt will be only 20000 or 20000/2= 10000
Menu
FM ratios
Replies (1)
If you don’t need have previous year inventory, then use 20000
Recent Topic
- Tax Refund timeline
- Is Form 10E applicable for Notice Pay received in
- INCOME RECEIVED FROM COMPANY FOR ELECTRIC POLLS
- ITR Processing By CPC Now Super Fast - Much apprec
- Abroad Jobs
- Professional Income in 44AD
- Presumptive taxation
- Claiming Pre Possession Home Loan Interest
- Tax on Pension from EPFO
- Indexation of Sale of Property under New Regime
Related Topics
CAclubindia
