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

Analysis and communication of accounting information — practice question

A business owner has given the details below. average inventory: $\$15\,000$; rate of inventory turnover: $8$ times; mark-up: $25\%$. What is the business’s revenue?

  • A$\$144\,000$
  • B$\$150\,000$
  • C$\$160\,000$
  • D$\$210\,000$

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