O-LevelAccountingAnalysis and interpretation7707/11 · May/June 2022 · Q331 Mark

Which actions could a clothing retailer take to improve his rate of inventory turnover? 1 increase the selling prices of all clothing 2 offer discounts on last year's designs 3 pay clothing suppliers as quickly as possible

A1 and 3 only

B1, 2 and 3

C2 only

D3 only

✓ Correct answer

C: 2 only

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2022 Paper 1 Variant 1, question 33.

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