Question
Name the items that are shown Long-term Borrowings.
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Average inventory
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₹ 80,000
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Inventory turnover ratio
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6 times
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Selling price
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25% above cost
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| 2008 | 2009 | |
| Sales (₹) | 6,00,000 | 9,00,000 |
| Gross Profit | 40% on sales | 50% on sales |
| Administrative expenses | 20% of Gross profit | 15% of Gross profit |
| Income tax | 50% | 50% |