A-LevelAccountingAnalysis and communication of accounting information9706/12 · Oct/Nov 2014 · Q181 Mark
A business has the following information for the past two financial years. year 1: average inventory $100000; revenue $800000; gross margin 25%. year 2: average inventory $140000; revenue $1200000; gross margin 30% What is the inventory turnover in year 2?
A37 days
B43 days
C52 days
D61 days
✓ Correct answer
D: 61 days
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