O-LevelAccountingAnalysis and interpretation7707/12 · Oct/Nov 2022 · Q291 Mark

Thabo provided the following information. revenue $250 000 gross margin 20% rate of inventory turnover 5 times What was the average inventory for the year?

A$10000

B$37 500

C$40 000

D$50000

✓ Correct answer

C: $40 000

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2022 Paper 1 Variant 2, question 29.

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