Accounting 0452 · IGCSE · Calculation and understanding of accounting ratios

Calculation and understanding of accounting ratios — practice question

A trader prepared the following forecasts for the business for the coming financial year. average inventory: $80\,000 rate of inventory turnover: 6 times mark-up: 25% What sales are forecast for the coming financial year?

  • A$360\,000
  • B$480\,000
  • C$576\,000
  • D$600\,000

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI