A company sells for Rs 60,00,000. The debtor amounts to Rs 5,30,000. Find out the debtor’s turnover in terms of the number of days. To explain the goals of inventory management in terms of...

A company sells for Rs 60,00,000. The debtor amounts to Rs 5,30,000. Find out the debtor’s turnover in terms of the number of days.

To explain the goals of inventory management in terms of classification of inventory and determination of economic order quantity, re-order point and safety level of stock.