KT Ltd.'s opening stock was - 2,50,000 and the closing stock was - 3,75,000. Sales during the year were - 13,00,000 and the gross profit ratio was…
CA Intermediate · Financial Management and Strategic Management · RTP · September 2024
KT Ltd.'s opening stock was - 2,50,000 and the closing stock was - 3,75,000. Sales during the year were - 13,00,000 and the gross profit ratio was 25% on sales. Average accounts payable are - 80,000. Creditors Turnover Ratio =?
Suggested Answer and Working Notes:
Correct Answer: Option (D)
13.75
Topics: Part-A: Financial Management
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