Accounting 0452 · IGCSE · Calculation and understanding of accounting ratios

Calculation and understanding of accounting ratios — practice question

Thabo gave the information below: revenue: 250 000 gross margin: 20% rate of inventory turnover: 5 times What was the average inventory for the year?

  • A10 000
  • B37 500
  • C40 000
  • D50 000

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