
If average inventories held were valued at £15,000 and cost of good sold was £200,000, calculate the inventory turnover?
Select ONE answer:
- 54.75 days
- 82.13 days
- 27.38 days
- 13.69 days
Show your workings to arrive at your answer, and explain and justify your reasons:
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This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 3
- Not correct
- Not correct
- Correct ==> (AI / COS) * 365 Days ==> 27.38 days
- Not correct
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