Accounting 0452 · IGCSE · Calculation and understanding of accounting ratios

Calculation and understanding of accounting ratios — practice question

Thabo supplied the information shown here. revenue: $250\,000$ gross margin: $20\%$ rate of inventory turnover: $5$ times What was the average inventory for the year?

  • A$10\,000$
  • B$37\,500$
  • C$40\,000$
  • D$50\,000$

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