Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Riaz holds an average inventory of 36,000(CP) with an inventory turnover of 5 times. If the firm makes a gross profit of 25% on sales, find the total sales of the company.

/ Accounting MCQs / Q&A / By
Riaz holds an average inventory of 36,000(CP) with an inventory turnover of 5 times. If the firm makes a gross profit of 25% on sales, find the total sales of the company.

A. 2,40,000
B. 2,10,000
C. 2,00,000
D. 1,80,000