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 business. total purchases $820000 credit purchases $740000 opening inventory $60000 closing inventory $80000 total sales (all on credit) $910000 carriage inwards $20000 returns outwards $40000 What was the inventory turnover?

  • A29 days
  • B32 days
  • C33 days
  • D35 days

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