Accounting 9706 · AS & A Level · Analysis and communication of accounting information

Analysis and communication of accounting information — practice question

A sole trader has given the following details: annual revenue $240000; average inventory $25000; mark-up $50\%$. What was the inventory turnover rate?

  • A3.2 times
  • B4.8 times
  • C6.4 times
  • D9.6 times

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