O-LevelAccountingAnalysis and interpretation7707/11 · Oct/Nov 2013 · Q291 Mark

Fatima provided the following information. opening inventory $30000 closing inventory $45000 purchases $200000 What was the rate of inventory turnover?

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A0.19 times

B0.20 times

C4.93 times

D5.33 times

✓ Correct answer

C: 4.93 times

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2013 Paper 1 Variant 1, question 29.

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