Given information :
Total Sales – ₹4,40,000
Return Inward – ₹40,000
Gross Profit – ₹1,00,000
Closing Stock – ₹1,20,000
Excess of closing stock over opening stock – ₹40,000
Calculate the Stock Turnover Ratio.

Correct option is C

Step 1: Find Net Sales and Cost of Goods Sold (COGS)
Net Sales = Total Sales – Return Inward = 
Gross Profit = Net Sales – COGS = COGS = 
Step 2: Find Average Stock
Let Opening Stock =  Closing Stock =  Excess of Closing Stock over Opening Stock =  So:  (Opening Stock)
Average Stock =  =  = 
Step 3: Stock Turnover Ratio