Accounting 0452 · IGCSE · Calculation and understanding of accounting ratios

Calculation and understanding of accounting ratios — practice question

A business supplied the information below. opening inventory: $6800$ closing inventory: $6000$ rate of inventory turnover: $5$ times What were the purchases for the year?

  • A$29\,200$
  • B$31\,200$
  • C$32\,000$
  • D$32\,800$

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