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O-LevelCommerceFinance7100/12 · Oct/Nov 2017 · Q401 Mark

A retailer has the following trading figures. [Table showing: sales $750000, cost of goods sold $500000, opening stock (inventory) $40000, closing stock (inventory) $60000] What is the retailer's rate of inventory turnover?

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A2.5

B5

C10

D15

✓ Correct answer

C: 10

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About this question

Topic: Finance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2017 Paper 1 Variant 2, question 40.

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