Accounting Multiple Choice Question – 25 February 2022

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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If average inventories held were valued at £15,000 and cost of good sold was £200,000, calculate the inventory turnover?

Select ONE answer:

  1. 54.75 days
  2. 82.13 days
  3. 27.38 days
  4. 13.69 days

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

  1. Not correct
  2. Not correct
  3. Correct ==> (AI / COS) * 365 Days ==> 27.38 days
  4. Not correct

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