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

Analysis and communication of accounting information — practice question

A business has worked out its inventory turnover ratio to be 8 times. The opening inventory was $25000 and the closing inventory was $28000. What is the value of purchases?

  • A$209000
  • B$215000
  • C$221000
  • D$227000

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