Accounting 0452 · IGCSE · Calculation and understanding of accounting ratios

Calculation and understanding of accounting ratios — practice question

A trader produced the following predictions for the business for the next financial year. Average inventory: \$800 Rate of inventory turnover: 6 times Mark-up: 25% What are the predicted sales for the next financial year?

A\$3600
B\$4800
C\$5760
D\$6000

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