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

Analysis and communication of accounting information — practice question

The information below is given for a limited company. Closing inventory: $30000$ Inventory rose by $50\%$ from the beginning of the year Inventory turnover rate: $8$ times Gross profit for the year: $200000$ What was the company’s sales revenue for the year?

  • A$360000$
  • B$400000$
  • C$440000$
  • D$600000$

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