If opening inventory is 3,000, closing inventory 5,000, sales 40,000 and margin 20 per cent, then inventory

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If opening inventory is £3,000, closing inventory £5,000, sales £40,000 and margin 20 per cent, then inventory turnover is

(A) 8 times

(B) 71/2 times

(D) 6 times

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Frank Woods Business Accounting An Introduction To Financial Accounting

ISBN: 9781292365435

15th Edition

Authors: Alan Sangster, Lewis Gordon, Frank Wood

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Question Posted: Mar 04, 2024 09:23 AM

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If opening inventory is 3,000, closing inventory 5,000, sales 40,000 and margin 20 per cent, then inventory

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Frank Woods Business Accounting An Introduction To Financial Accounting

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