O-LevelAccountingAnalysis and interpretation7707/12 · Oct/Nov 2018 · Q271 Mark

A trader provided the following information. revenue 95000 purchases 40000 opening inventory 20000 closing inventory 18000 cost of sales 42000 What was the rate of turnover of inventory?

A2.10 times

B2.21 times

C5 times

D5.28 times

✓ Correct answer

B: 2.21 times

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2018 Paper 1 Variant 2, question 27.

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