Accounting 0452 · IGCSE · Calculation and understanding of accounting ratios

Calculation and understanding of accounting ratios — practice question

A business had an average inventory of $40\,000$. Its inventory turnover rate was $5$ times per year. Mark-up stood at $20\%$. Calculate the revenue for the year.

  • A$160\,000$
  • B$200\,000$
  • C$240\,000$
  • D$250\,000$

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