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

Analysis and communication of accounting information — practice question

The data given are: - sales: $250000 - purchases: $120000 - average inventory: $20000 - mark-up: 25% What is the inventory turnover rate?

  • A6.0 times
  • B9.4 times
  • C10.0 times
  • D12.5 times

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