Question: Using the table below, compile an ABC analysis: (5) Stock Number Quantity Rand Value J24 1682 15.25 R26 889 88.50 L02 2546 1.30 M12 2038

Using the table below, compile an ABC analysis: (5)

Stock

Number

Quantity Rand

Value

J24 1682 15.25

R26 889 88.50

L02 2546 1.30

M12 2038 6.50

P33 10385 0.65

T72 4167 13.50

S67 2000 7.90

Q47 5990 0.50

V20 4375 2.80

Is inventory an asset or a liability? Justify your answer.

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