Multiple Choice Questions on XYZ Ltd has sales of Rs 9 lakhs with gross margin being 1 6 one sixth of sales If opening stock is R........... for Punjab Government (Allied) Exams Preparation

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Multiple Choice Questions

XYZ Ltd has sales of Rs 9 lakhs with gross margin being 1 6 one sixth of sales If opening stock is R...........

Accountancy Ratio analysis 
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    XYZ Ltd has sales of Rs. 9 lakhs with gross margin being 1/6 (one-sixth) of sales. If opening stock is Rs. 45,000 and inventory turnover ratio is 8 times, the closing stock for the period is:

    Rs. 1,42,500

    Correct Answer

    Rs. 2,25,000

    Incorrect Answer

    Rs. 1,80,000

    Incorrect Answer

    Rs. 2,12,500

    Incorrect Answer
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    Explanation:

    Rs. 1,42,500

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