Calculate inventroy Turnover ratio from the following informaation opening inventroy Rs 40000, purchases Rs 320000, and closing inventroy Rs 120000. state, giving reason which of the followojkng transactions would (i) increase,(ii) decrease,(iii) neither increase nor decrease the inventroy turnover ratio: (a) Sale of goods for Rs 40000 (cost Rs 32000) (b) invrease in the value of closing inventroy by Rs 40000 (c ) goods purchased for Rs 80000 (d) purchases return Rs 20000 (e) goods costing Rs 10000 withdrawn for personal use (f) goods costing Rs 20000 distrubuted as free samples.
