A-LevelAccountingAnalysis and communication of accounting information9706/12 · May/June 2016 · Q211 Mark
A business has prepared the following information for the year ended 30 April 2015. revenue $220000 opening inventory $25000 purchases $120000 closing inventory $(31000) cost of goods sold $114000 gross profit $106000 What was the inventory turnover?
A86 days
B90 days
C95 days
D100 days
✓ Correct answer
B: 90 days
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