MT Ltd.'s opening stock was ₹3,20,000 and the closing stock was ₹4,80,000. Sales during the year were ₹18,00,000 and the gross profit ratio was 30%…

CA Intermediate · Financial Management and Strategic Management · RTP · September 2026
MT Ltd.'s opening stock was ₹3,20,000 and the closing stock was ₹4,80,000. Sales during the year were ₹18,00,000 and the gross profit ratio was 30% on sales. Average accounts payable are ₹1,20,000. Creditors Turnover Ratio = ?
(A) (a) 11.83
(B) (b) 13.75
(C) (c) 14.00
(D) (d) 15.50

Suggested Answer and Working Notes:

Correct Answer: Option (A)

(a) 11.83

Topics: Part-A: Financial Management

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