If velocity of stock is 3 months, annual sales amount to 6 lakh at 20% gross profit margin and opening stock is 90,000; what is the closing stock…
CA Intermediate · Financial Management and Strategic Management · MTP · January 2025
If velocity of stock is 3 months, annual sales amount to 6 lakh at 20% gross profit margin and opening stock is 90,000; what is the closing stock value?
Suggested Answer and Working Notes:
Correct Answer: Option (C)
₹ 1,50,000
Topics: Part-A: Financial Management
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