From the following information, calculate Inventory Turnover Ratio:

Gross Loss Ratio 5%

SOLUTION

Cost of Revenue from Operations	Revenue from Operations + Gross Loss
	= 16,00,000 + 80,000 = Rs. 16,80,000

Inventory Turnover Ratio	Cost of Revenue from Operations / Average Inventory
	= 16,80,000 / 2,20,000 = 7.64Times