Calculate the inventory turnover ratio if average inventory is 40,000 and cost of sales is 280,000.
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Calculate the inventory turnover ratio if average inventory is £40,000 and cost of sales is £280,000.
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The Inventory Turnover is a ratio that shows how many times a business sold and replaced its inven...View the full answer
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Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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