A-LevelAccountingAnalysis and communication of accounting information9706/12 · Oct/Nov 2020 · Q191 Mark
The following information is available. $ $ revenue 600 000 opening inventory 46000 purchases 244 000 290 000 closing inventory 50 000 240 000 gross profit 360 000 expenses 150 000 profit from operations 210000 What was the rate of inventory turnover (in times)?
A4.8
B5
C12
D12.5
✓ Correct answer
B: 5
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