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

Analysis and communication of accounting information — practice question

The figures below are given: revenue: $600000$ opening inventory: $46000$ purchases: $244000$ closing inventory: $50000$ gross profit: $360000$ expenses: $150000$ profit from operations: $210000$ Calculate the rate of inventory turnover (in times).

  • A4.8
  • B5
  • C12
  • D12.5

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