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4,00,000 From the following information calculate inventory turnover ratio and gross profit ratio. Opening inventory Closing inventory Purchases Wages Revenue from operations Carriage inwards

4,00,000 From the following information calculate inventory turnover ratio and gross profit ratio. Opening inventory Closing inventory Purchases Wages Revenue from operations Carriage inwards 24,000 26,000 73,000 20,000 1,20,000 9,000

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